Strategy Incorporated (NASDAQ:MSTR) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its stake in Strategy Incorporated (NASDAQ:MSTR) by 75.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 78,310 shares of the software maker’s stock after selling 243,320 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Strategy were worth $22,680,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares during the period. Norges Bank purchased a new position in Strategy during the 4th quarter valued at about $523,981,000. Northern Trust Corp grew its position in Strategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after acquiring an additional 210,997 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares during the period. Finally, Amundi increased its stake in Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after purchasing an additional 413,028 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Compass Point raised Strategy to a “strong-buy” rating in a research report on Wednesday, January 29th. HC Wainwright began coverage on Strategy in a research note on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price objective on the stock. Mizuho assumed coverage on Strategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Finally, Cantor Fitzgerald reduced their price target on Strategy from $619.00 to $614.00 and set an “overweight” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Strategy currently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Insider Activity

In related news, Director Jarrod M. Patten sold 1,200 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $384.92, for a total value of $461,904.00. Following the completion of the sale, the director now owns 9,170 shares in the company, valued at $3,529,716.40. This represents a 11.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders bought 8,000 shares of company stock valued at $680,000 and sold 38,998 shares valued at $12,997,770. Company insiders own 9.16% of the company’s stock.

Strategy Stock Performance

Shares of MSTR opened at $414.38 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00. The stock has a 50 day moving average price of $315.59 and a 200 day moving average price of $327.15. The company has a market capitalization of $106.64 billion, a price-to-earnings ratio of -73.56 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million during the quarter, compared to analysts’ expectations of $116.66 million. During the same period last year, the business earned ($0.83) earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.