Toronto Dominion Bank Raises Holdings in Strategy Incorporated (NASDAQ:MSTR)

Toronto Dominion Bank increased its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 55.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,706 shares of the software maker's stock after buying 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of 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. Norges Bank bought a new position in shares of Strategy during the fourth quarter valued at $523,981,000. Northern Trust Corp lifted its holdings in shares of Strategy by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after purchasing an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Strategy by 25.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock valued at $232,410,000 after buying an additional 162,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after buying an additional 97,515 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao bought 500 shares of the firm's stock in a transaction that occurred 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 acquisition, the executive vice president now owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the completion of the sale, the director now owns 9,170 shares of the company's stock, valued at $3,915,590. The trade was a 10.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 18,000 shares of company stock valued at $1,693,800 and have sold 47,486 shares valued at $16,456,090. 9.16% of the stock is owned by insiders.

Strategy Stock Performance

Strategy stock traded up $6.38 during trading on Thursday, reaching $370.63. The company had a trading volume of 10,172,094 shares, compared to its average volume of 18,161,635. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The firm's 50-day simple moving average is $347.85 and its 200 day simple moving average is $342.36. The firm has a market capitalization of $101.33 billion, a price-to-earnings ratio of -65.80 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.

Strategy (NASDAQ:MSTR - Get Free Report) last announced 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). 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 during the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the business posted ($0.83) earnings per share. Strategy's revenue for the quarter was down 3.6% compared to the same quarter last year.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. Compass Point raised Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Strategy in a research report on Monday, May 19th. HC Wainwright initiated coverage on Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed a "hold" rating on shares of Strategy in a research report on Monday, May 19th. One research 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 stock. According to data from MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

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.