Shelton Capital Management Purchases Shares of 22,458 Strategy Incorporated (NASDAQ:MSTR)

Shelton Capital Management purchased a new stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,458 shares of the software maker's stock, valued at approximately $6,504,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in 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 buying an additional 281,342 shares during the last quarter. Norges Bank acquired a new stake in Strategy during the 4th quarter valued at approximately $523,981,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after acquiring an additional 97,515 shares during the last quarter. Amundi boosted its holdings in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after acquiring 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 period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays lowered their price objective on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Cantor Fitzgerald increased their target price on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods initiated coverage on Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $508.09.

Strategy Trading Up 10.1 %

Shares of MSTR stock traded up $27.64 during trading on Friday, hitting $299.98. 21,264,995 shares of the stock traded hands, compared to its average volume of 18,031,622. The firm's fifty day moving average price is $295.80 and its 200-day moving average price is $306.65. 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 firm has a market capitalization of $77.20 billion, a P/E ratio of -53.25 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 released 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%.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently 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.