1,693 Shares in Strategy Incorporated (NASDAQ:MSTR) Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,693 shares of the software maker's stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSTR. Geode Capital Management LLC grew its holdings 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 valued at $881,470,000 after buying an additional 281,342 shares during the last quarter. Norges Bank purchased a new stake in shares of Strategy in the fourth quarter worth approximately $523,981,000. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 97,515 shares in the last quarter. Amundi boosted its position in shares of Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Strategy by 10.4% during the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock valued at $149,734,000 after acquiring an additional 48,800 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Strategy Stock Performance

Shares of NASDAQ MSTR traded up $11.47 during trading on Monday, reaching $311.45. 15,444,593 shares of the stock traded hands, compared to its average volume of 18,021,676. 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 stock has a market capitalization of $80.15 billion, a P/E ratio of -55.29 and a beta of 3.46. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a 50-day moving average of $295.80 and a 200-day moving average of $306.65.

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Strategy (NASDAQ:MSTR - Get Free Report) last released 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%.

Insider Activity at Strategy

In other news, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew Kang acquired 1,500 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. 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 target price for the company. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research note on Tuesday, April 1st. Compass Point raised shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Cantor Fitzgerald upped their target price on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Barclays dropped their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Strategy has a consensus rating of "Moderate Buy" and a consensus price target of $508.09.

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.