Norinchukin Bank The Buys New Stake in Strategy Incorporated (NASDAQ:MSTR)

Norinchukin Bank The acquired a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,859 shares of the software maker's stock, valued at approximately $538,000.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Strategy during the fourth quarter worth about $81,783,000. Clarity Capital Partners LLC boosted its holdings in shares of Strategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after purchasing an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Strategy in the third quarter valued at approximately $254,000. Virtu Financial LLC increased its holdings in shares of Strategy by 10,398.4% in 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. Finally, Charles Schwab Investment Management Inc. lifted its position in Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after buying an additional 97,515 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Andrew Kang acquired 1,500 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares of the company's stock, valued at $127,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jarrod M. Patten sold 1,700 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $342.01, for a total transaction of $581,417.00. Following the sale, the director now owns 4,970 shares in the company, valued at $1,699,789.70. The trade was a 25.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 34,698 shares worth $11,403,343. Insiders own 9.16% of the company's stock.

Strategy Trading Up 1.3 %

Strategy stock traded up $4.61 during midday trading on Thursday, reaching $350.34. 10,688,932 shares of the stock traded hands, compared to its average volume of 18,012,282. The firm has a market cap of $90.16 billion, a PE ratio of -62.19 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. The company has a 50-day simple moving average of $294.88 and a two-hundred day simple moving average of $314.33. 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 posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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 have recently commented on the company. Keefe, Bruyette & Woods assumed coverage on Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. Maxim Group boosted their target price on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Benchmark restated a "buy" rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. Mizuho initiated coverage on Strategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective on the stock. Finally, Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. One equities research 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

About Strategy

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.