First Trust Advisors LP Purchases 303,517 Shares of Strategy Incorporated (NASDAQ:MSTR)

First Trust Advisors LP grew its holdings in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 266.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,574 shares of the software maker's stock after acquiring an additional 303,517 shares during the quarter. First Trust Advisors LP owned 0.17% of Strategy worth $120,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Riverview Trust Co bought a new stake in shares of Strategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC acquired a new stake in Strategy during the fourth quarter worth $25,000. Quadrant Capital Group LLC increased its holdings in Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after buying an additional 77 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Aspect Partners LLC acquired a new stake in shares of Strategy during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Strategy Price Performance

Shares of Strategy stock traded up $2.06 during midday trading on Thursday, reaching $347.79. The company had a trading volume of 5,669,097 shares, compared to its average volume of 18,543,578. 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 stock has a fifty day simple moving average of $294.63 and a 200 day simple moving average of $313.19. Strategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company has a market capitalization of $89.50 billion, a price-to-earnings ratio of -61.74 and a beta of 3.46.

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 return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MSTR. 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 research report on Thursday, February 6th. Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. Maxim Group lifted their price objective on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Barclays lowered their target price on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. One investment 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $508.09.

Insider Buying and Selling at Strategy

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 32,998 shares worth $10,821,926. Corporate insiders own 9.16% of the company's stock.

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.