Capital Group Investment Management PTE. LTD. Invests $299,000 in Strategy Incorporated (NASDAQ:MSTR)

Capital Group Investment Management PTE. LTD. acquired a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,034 shares of the software maker's stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSTR. Garden State Investment Advisory Services LLC boosted its stake in 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 valued at $443,000 after acquiring an additional 2,392 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Strategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after buying an additional 6,104 shares during the last quarter. Virtu Financial LLC lifted its holdings in Strategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after purchasing an additional 222,109 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in Strategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock worth $396,000 after purchasing an additional 2,115 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Strategy by 3.3% in the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock valued at $716,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MSTR. Canaccord Genuity Group reduced their price objective on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Barclays reduced their target price on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Cantor Fitzgerald increased their price target on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. Finally, Maxim Group upped their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $508.09.

Strategy Price Performance

NASDAQ MSTR traded up $29.09 during trading hours on Tuesday, reaching $346.85. The company's stock had a trading volume of 13,701,006 shares, compared to its average volume of 17,949,903. 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 1 year low of $101.00 and a 1 year high of $543.00. The firm's 50-day moving average price is $294.10 and its 200-day moving average price is $312.76. The company has a market capitalization of $89.26 billion, a price-to-earnings ratio of -61.62 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results 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%.

Insider Buying and Selling

In other Strategy news, EVP Wei-Ming Shao sold 10,000 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total transaction of $3,150,000.00. Following the completion of the sale, the executive vice president now owns 10,597 shares in the company, valued at $3,338,055. This represents a 48.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Kang acquired 1,500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were bought 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 in the company, valued at $127,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 8,000 shares of company stock worth $680,000 and sold 32,998 shares worth $10,821,926. 9.16% of the stock is owned by corporate 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.