Rhumbline Advisers Grows Position in Strategy Incorporated (NASDAQ:MSTR)

Rhumbline Advisers raised its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 35.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,406 shares of the software maker's stock after purchasing an additional 70,359 shares during the quarter. Rhumbline Advisers owned 0.10% of Strategy worth $77,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Strategy Stock Down 2.4%

Shares of MSTR stock traded down $9.33 during mid-day trading on Wednesday, hitting $378.10. The stock had a trading volume of 8,449,998 shares, compared to its average volume of 18,058,691. The firm has a market capitalization of $103.37 billion, a P/E ratio of -67.12 and a beta of 3.79. 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 12-month low of $102.40 and a 12-month high of $543.00. The firm's 50-day moving average is $350.42 and its two-hundred day moving average is $343.15.

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

Wall Street Analyst Weigh In

Several analysts recently commented on MSTR shares. Barclays reaffirmed a "hold" rating on shares of Strategy in a report on Monday, May 19th. Maxim Group upped their price objective on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. UBS Group reaffirmed a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Finally, Cantor Fitzgerald reiterated a "hold" 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $514.42.

Insider Transactions at Strategy

In other Strategy news, EVP Wei-Ming Shao acquired 500 shares of the company's stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction dated 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 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 90 days, insiders have bought 18,000 shares of company stock valued at $1,693,800 and have sold 83,426 shares valued at $29,785,518. Insiders own 9.16% of the company's stock.

About Strategy

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.