Strategy Incorporated (NASDAQ:MSTR) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 74.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,156 shares of the software maker's stock after buying an additional 6,448 shares during the quarter. AQR Capital Management LLC's holdings in Strategy were worth $4,389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares in the last quarter. Norges Bank acquired a new stake in Strategy in the 4th quarter valued at about $523,981,000. Northern Trust Corp boosted its stake in shares of Strategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after buying an additional 210,997 shares during the period. Charles Schwab Investment Management Inc. grew 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 worth $220,626,000 after buying an additional 97,515 shares in the last quarter. Finally, Amundi increased its stake in shares of Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Strategy Stock Up 0.4 %

MSTR stock opened at $415.93 on Friday. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79. The company has a fifty day moving average price of $318.40 and a 200 day moving average price of $328.50.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The business had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. Strategy's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.83) EPS.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent research reports. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. Mizuho initiated coverage on shares of Strategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. Keefe, Bruyette & Woods began coverage on Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. 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 for the company. Finally, Canaccord Genuity Group raised their target price on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $514.42.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao acquired 500 shares of the business's stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares of the company's stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 40,098 shares valued at $13,432,270. 9.16% of the stock is owned by insiders.

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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