Pinebridge Investments L.P. Makes New Investment in Strategy Incorporated (NASDAQ:MSTR)

Pinebridge Investments L.P. acquired a new stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,018 shares of the software maker's stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Strategy by 10.2% during the 4th 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. Norges Bank bought a new position in shares of Strategy during the fourth quarter valued at $523,981,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Strategy by 14.7% in 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. Amundi increased its position in Strategy by 262.8% in the fourth 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 period. Finally, Swiss National Bank grew its position in shares of 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 buying an additional 48,800 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on MSTR. Canaccord Genuity Group decreased their price objective on Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays decreased their price target on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Benchmark restated a "buy" rating and set a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. Mizuho started coverage on shares of Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Finally, Cantor Fitzgerald upped their price target on shares of Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $505.75.

Insider Buying and Selling at Strategy

In other Strategy news, CFO Andrew Kang bought 1,500 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of Strategy stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $365.33, for a total value of $1,132,523.00. Following the sale, the director now owns 4,970 shares of the company's stock, valued at approximately $1,815,690.10. This trade represents a 38.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 37,798 shares valued at $12,535,866. Insiders own 9.16% of the company's stock.

Strategy Stock Performance

Shares of NASDAQ MSTR traded up $1.49 during midday trading on Thursday, reaching $381.60. The company's stock had a trading volume of 16,365,847 shares, compared to its average volume of 18,030,651. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a 50 day moving average price of $299.34 and a 200-day moving average price of $319.31. The stock has a market capitalization 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 posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.