Norinchukin Bank The Acquires Shares of 1,859 Strategy Incorporated (NASDAQ:MSTR)

Norinchukin Bank The bought a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,859 shares of the software maker's stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MSTR. Geode Capital Management LLC increased its stake 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 buying an additional 281,342 shares during the period. Norges Bank purchased a new position in Strategy during the 4th quarter worth $523,981,000. Charles Schwab Investment Management Inc. grew its position in Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Amundi grew its position 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 purchasing an additional 413,028 shares during the last quarter. Finally, Swiss National Bank grew its position in Strategy by 10.4% during the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock worth $149,734,000 after purchasing an additional 48,800 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Trading Up 5.2 %

Shares of NASDAQ MSTR traded up $18.37 during midday trading on Friday, reaching $368.71. 19,291,754 shares of the stock were exchanged, compared to its average volume of 18,095,762. The stock has a 50 day moving average price of $295.57 and a 200-day moving average price of $317.35. 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 market capitalization of $94.89 billion, a P/E ratio of -65.46 and a beta of 3.46. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 19.01% and a negative net margin of 251.73%.

Insider Transactions at Strategy

In related news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang bought 1,500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 34,698 shares worth $11,403,343. Insiders own 9.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Maxim Group raised 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. Barclays reduced their target price on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Mizuho assumed coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods started coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

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.