Handelsbanken Fonder AB Boosts Stake in Strategy Incorporated (NASDAQ:MSTR)

Handelsbanken Fonder AB grew its holdings in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,060 shares of the software maker's stock after purchasing an additional 2,000 shares during the quarter. Handelsbanken Fonder AB's holdings in Strategy were worth $14,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSTR. Norges Bank bought a new stake in Strategy in the 4th quarter valued at about $523,981,000. Amundi increased its holdings in Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. First Trust Advisors LP increased its holdings in Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after purchasing an additional 303,517 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Strategy in the fourth quarter valued at approximately $81,783,000. Finally, Geode Capital Management LLC grew its holdings in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Strategy Trading Up 0.8%

Shares of NASDAQ:MSTR traded up $3.11 on Friday, reaching $382.87. 9,334,791 shares of the company traded hands, compared to its average volume of 17,986,997. The business's 50-day simple moving average is $365.95 and its 200 day simple moving average is $342.15. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The stock has a market capitalization of $104.68 billion, a P/E ratio of -67.97 and a beta of 3.73. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Insider Buying and Selling at Strategy

In other news, Director Carl J. Rickertsen sold 26,390 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the completion of the sale, the director now owns 980 shares of the company's stock, valued at $364,952. The trade was a 96.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeanine Montgomery sold 481 shares of the company's 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 completion of the transaction, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at $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 have bought 33,277 shares of company stock valued at $2,992,345 and have sold 93,619 shares valued at $33,607,643. Insiders own 8.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MSTR shares. UBS Group reaffirmed a "buy" rating on shares of Strategy in a report on Friday, May 16th. HC Wainwright began coverage on Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. BTIG Research reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Strategy has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

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.