Cetera Investment Advisers Reduces Holdings in Strategy Incorporated (NASDAQ:MSTR)

Cetera Investment Advisers lowered its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 100,480 shares of the software maker's stock after selling 18,585 shares during the quarter. Cetera Investment Advisers' holdings in Strategy were worth $29,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Strategy in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new stake in Strategy during the 4th quarter valued at $25,000. Quadrant Capital Group LLC lifted its position in shares of Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Strategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Aspect Partners LLC purchased a new position in shares of Strategy in the fourth quarter valued at $28,000. 59.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the subject of several analyst reports. HC Wainwright assumed coverage on Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. Cantor Fitzgerald decreased their target price on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a report on Monday. Canaccord Genuity Group increased their target price on shares of Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Barclays boosted their price target on shares of Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods started coverage on Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Strategy presently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Stock Up 1.8 %

Shares of NASDAQ MSTR opened at $392.48 on Thursday. The firm's 50 day simple moving average is $312.32 and its two-hundred day simple moving average is $325.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. Strategy Incorporated has a one year low of $102.40 and a one year high of $543.00. The stock has a market capitalization of $101.01 billion, a P/E ratio of -69.68 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly 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). The business had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.83) EPS.

Insider Activity at Strategy

In related news, Director Jarrod M. Patten sold 1,200 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $384.92, for a total value of $461,904.00. Following the transaction, the director now owns 9,170 shares in the company, valued at $3,529,716.40. The trade was a 11.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 38,998 shares valued at $12,997,770. 9.16% of the stock is currently owned by corporate insiders.

Strategy 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.

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