American Century Companies Inc. Has $7.07 Million Stock Position in Strategy Incorporated (NASDAQ:MSTR)

American Century Companies Inc. grew its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,415 shares of the software maker's stock after acquiring an additional 1,667 shares during the period. American Century Companies Inc.'s holdings in Strategy were worth $7,071,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in Strategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 97,515 shares during the last quarter. Amundi increased its position in 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 last quarter. Swiss National Bank raised its holdings in Strategy by 10.4% during the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock valued at $149,734,000 after buying an additional 48,800 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Strategy by 21.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker's stock worth $120,221,000 after buying an additional 71,934 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MSTR shares. Barclays cut 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. Keefe, Bruyette & Woods started coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Maxim Group lifted their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Cantor Fitzgerald lifted their price objective on Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and a consensus target price of $508.09.

Strategy Stock Performance

MSTR traded down $25.47 on Monday, hitting $268.14. 28,348,359 shares of the stock traded hands, compared to its average volume of 17,888,483. The business has a fifty day moving average price of $303.91 and a two-hundred day moving average price of $302.64. 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 firm has a market capitalization of $69.01 billion, a PE ratio of -47.60 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 data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

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.