Toronto Dominion Bank Has $8.89 Million Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Toronto Dominion Bank grew its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 55.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,706 shares of the software maker's stock after acquiring an additional 10,897 shares during the period. Toronto Dominion Bank's holdings in Strategy were worth $8,892,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Strategy during the 4th quarter worth $523,981,000. Amundi grew its position in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares during the last quarter. First Trust Advisors LP increased 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 valued at $120,938,000 after buying an additional 303,517 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Strategy during the fourth quarter worth about $81,783,000. Finally, Geode Capital Management LLC raised its position in shares of Strategy by 10.2% during 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 during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Insiders Place Their Bets

In other Strategy news, CEO Phong Le acquired 6,000 shares of Strategy stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,000 shares of the company's stock, valued at $510,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao bought 500 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares of the company's stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. Corporate insiders own 9.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. HC Wainwright started coverage on Strategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. BTIG Research reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Maxim Group lifted their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald restated a "hold" rating on shares of Strategy in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Trading Up 0.8%

NASDAQ:MSTR opened at $416.92 on Wednesday. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. 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 stock has a market capitalization of $113.99 billion, a price-to-earnings ratio of -74.01 and a beta of 3.79. The firm has a fifty day simple moving average of $337.30 and a two-hundred day simple moving average of $337.39.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (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 company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period last year, the company earned ($0.83) EPS. Strategy's revenue for the quarter was down 3.6% compared to the same quarter last year.

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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