Shell Asset Management Co. Makes New $215,000 Investment in Strategy Incorporated (NASDAQ:MSTR)

Shell Asset Management Co. bought a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 744 shares of the software maker's stock, valued at approximately $215,000.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Strategy in the fourth quarter valued at approximately $523,981,000. Amundi increased its stake 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 buying an additional 413,028 shares during the period. First Trust Advisors LP lifted 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 buying an additional 303,517 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Strategy in the 4th quarter valued at approximately $81,783,000. Finally, Geode Capital Management LLC grew its stake 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 worth $881,470,000 after acquiring an additional 281,342 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

MSTR has been the topic of several analyst reports. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. Maxim Group increased their price target on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. HC Wainwright initiated coverage on Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective for the company. UBS Group restated a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Finally, Mizuho began coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Strategy presently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Stock Down 0.8%

NASDAQ:MSTR traded down $3.23 during midday trading on Thursday, hitting $399.46. 16,447,937 shares of the company were exchanged, compared to its average volume of 18,074,846. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The company has a market capitalization of $109.21 billion, a PE ratio of -70.91 and a beta of 3.79. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $339.41 and a 200 day simple moving average of $337.84.

Strategy (NASDAQ:MSTR - Get Free Report) 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). The firm had revenue of $111.07 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted ($0.83) EPS.

Insider Buying and Selling at Strategy

In related news, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction that occurred 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 acquisition, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 8,000 shares of company stock worth $680,000 and sold 46,836 shares worth $16,214,791. 9.16% of the stock is owned by company 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.