Integrated Wealth Concepts LLC Makes New $1.39 Million Investment in Strategy Incorporated (NASDAQ:MSTR)

Integrated Wealth Concepts LLC acquired a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,811 shares of the software maker's stock, valued at approximately $1,393,000.

A number of other hedge funds have also recently made changes to their positions in MSTR. Garden State Investment Advisory Services LLC lifted its position in shares of Strategy by 1,005.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock worth $443,000 after buying an additional 2,392 shares in the last quarter. Virtu Financial LLC grew its stake in Strategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after purchasing an additional 222,109 shares during the period. Peapack Gladstone Financial Corp increased its position in shares of Strategy by 900.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock valued at $396,000 after purchasing an additional 2,115 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Strategy by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after buying an additional 135 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its position in Strategy by 1,105.2% during the third quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker's stock valued at $782,000 after buying an additional 4,255 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Trading Up 0.4 %

NASDAQ MSTR traded up $1.49 during trading on Thursday, hitting $381.60. 16,666,314 shares of the company's stock traded hands, compared to its average volume of 18,031,079. The stock has a fifty day moving average of $299.34 and a two-hundred day moving average of $319.31. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a market cap of $98.21 billion, a P/E ratio of -67.74 and a beta of 3.46. 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 (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analyst Weigh In

MSTR has been the subject of several research reports. Barclays reduced their price objective on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Canaccord Genuity Group dropped their price objective on Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Finally, Benchmark reissued a "buy" rating and set a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $505.75.

Insiders Place Their Bets

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction dated 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 owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao purchased 500 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. Company insiders own 9.16% of the company's stock.

Strategy Company 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.