Aviva PLC Raises Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

Aviva PLC boosted its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 51.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,953 shares of the software maker's stock after purchasing an additional 32,171 shares during the period. Aviva PLC's holdings in Strategy were worth $27,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Strategy by 204.5% in the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker's stock valued at $1,396,000 after purchasing an additional 5,560 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Strategy by 876.1% during the 3rd quarter. MetLife Investment Management LLC now owns 3,192 shares of the software maker's stock valued at $538,000 after buying an additional 2,865 shares during the last quarter. Captrust Financial Advisors increased its position in Strategy by 1,038.7% during the third quarter. Captrust Financial Advisors now owns 4,771 shares of the software maker's stock worth $804,000 after buying an additional 4,352 shares in the last quarter. Garden State Investment Advisory Services LLC raised its holdings in shares of Strategy by 1,005.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock worth $443,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Strategy by 1,362.5% in the third quarter. Janus Henderson Group PLC now owns 11,700 shares of the software maker's stock valued at $1,973,000 after acquiring an additional 10,900 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Strategy

In other news, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction that occurred on 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 in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang bought 1,500 shares of the firm'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 purchase, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at approximately $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Company insiders own 9.16% of the company's stock.

Strategy Trading Down 8.5 %

MSTR traded down $25.25 during trading on Thursday, hitting $271.61. 10,318,774 shares of the company's stock were exchanged, compared to its average volume of 17,957,105. Strategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The stock has a 50 day moving average price of $298.26 and a 200 day moving average price of $303.82. The firm has a market cap of $69.90 billion, a P/E ratio of -48.75 and a beta of 3.46. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Analysts Set New Price Targets

Several research analysts recently weighed in on MSTR shares. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research note on Tuesday, April 1st. Canaccord Genuity Group decreased their target price 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. Cantor Fitzgerald lifted their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Mizuho assumed coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Finally, Barclays decreased their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Strategy presently has a consensus rating of "Moderate Buy" and an average target price 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.