The Manufacturers Life Insurance Company Has $2.95 Million Position in Strategy Incorporated (NASDAQ:MSTR)

The Manufacturers Life Insurance Company lifted its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,176 shares of the software maker's stock after acquiring an additional 1,897 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Strategy were worth $2,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in shares of Strategy in the fourth quarter worth $81,783,000. Clarity Capital Partners LLC boosted its holdings in shares of Strategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after purchasing an additional 13,817 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 purchasing an additional 97,515 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in Strategy in the 4th quarter valued at approximately $850,000. Finally, Crew Capital Management Ltd. acquired a new stake in shares of Strategy during the 4th quarter valued at $333,000. 59.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares of the company's stock, valued at $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 SEC, which is available through this link. Also, Director Jarrod M. Patten sold 1,100 shares of Strategy stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $395.00, for a total value of $434,500.00. Following the completion of the transaction, the director now owns 9,170 shares in the company, valued at approximately $3,622,150. 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 acquired 8,000 shares of company stock valued at $680,000 and have sold 40,098 shares valued at $13,432,270. 9.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSTR. Benchmark reaffirmed a "buy" rating and set a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. Barclays upped their target price on shares of Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Canaccord Genuity Group boosted their price target on Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Compass Point upgraded Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $514.42.

Strategy Stock Up 0.4 %

Shares of NASDAQ MSTR traded up $1.55 during midday trading on Friday, reaching $415.93. The company's stock had a trading volume of 17,117,928 shares, compared to its average volume of 18,107,323. The stock has a 50 day simple moving average of $318.40 and a 200-day simple moving average of $329.30. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. 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 stock has a market capitalization of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period last year, the company posted ($0.83) earnings per share. The business's revenue was down 3.6% compared to the same quarter last year.

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.