GF Fund Management CO. LTD. Acquires New Position in Strategy Incorporated (NASDAQ:MSTR)

GF Fund Management CO. LTD. bought a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,033 shares of the software maker's stock, valued at approximately $8,698,000.

Several other hedge funds also recently modified their holdings of the stock. CTC Alternative Strategies Ltd. purchased a new position in Strategy during the fourth quarter worth about $1,125,000. Public Employees Retirement System of Ohio boosted its stake in shares of Strategy by 5.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 59,981 shares of the software maker's stock worth $17,372,000 after buying an additional 3,099 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Strategy by 171.3% in the fourth quarter. Sunbelt Securities Inc. now owns 434 shares of the software maker's stock valued at $131,000 after acquiring an additional 274 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Strategy during the fourth quarter valued at approximately $313,000. Finally, Pinnacle Wealth Management LLC bought a new stake in Strategy during the fourth quarter worth $2,068,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group restated a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Barclays reaffirmed a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Compass Point raised shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Strategy in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $514.42.

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $427.00, for a total value of $469,700.00. Following the completion of the transaction, the director now directly owns 9,170 shares in the company, valued at approximately $3,915,590. This trade represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 46,836 shares valued at $16,214,791. Insiders own 9.16% of the company's stock.

Strategy Stock Performance

MSTR stock traded down $8.65 during midday trading on Wednesday, reaching $363.55. 5,444,598 shares of the company's stock traded hands, compared to its average volume of 18,103,996. The company has a 50-day moving average price of $345.94 and a two-hundred day moving average price of $342.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The firm has a market capitalization of $99.39 billion, a PE ratio of -64.53 and a beta of 3.79.

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

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.