Senator Investment Group LP Invests $2.69 Million in Strategy Incorporated (NASDAQ:MSTR)

Senator Investment Group LP bought a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,300 shares of the software maker's stock, valued at approximately $2,693,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Strategy during the fourth quarter worth $523,981,000. Amundi raised its stake in Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. First Trust Advisors LP boosted its holdings in Strategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after purchasing an additional 303,517 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Strategy during the 4th quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC increased 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 worth $881,470,000 after purchasing an additional 281,342 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Strategy Trading Up 0.8 %

Shares of NASDAQ MSTR traded up $2.70 during trading on Wednesday, reaching $345.73. The company had a trading volume of 16,636,102 shares, compared to its average volume of 18,007,147. The stock has a market cap of $88.97 billion, a P/E ratio of -61.38 and a beta of 3.46. The company's fifty day moving average price is $294.63 and its 200-day moving average price is $313.19. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last released its 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Ratings Changes

A number of research firms have commented on MSTR. Barclays lowered their price objective on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Mizuho started coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Canaccord Genuity Group reduced their price target on shares of Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $508.09.

Insider Buying and Selling

In other Strategy news, EVP Wei-Ming Shao bought 500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 8,000 shares of company stock valued at $680,000 and sold 32,998 shares valued at $10,821,926. 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.