Legal & General Group Plc Has $211.40 Million Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Legal & General Group Plc lessened its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 729,905 shares of the software maker's stock after selling 215,226 shares during the period. Legal & General Group Plc owned approximately 0.30% of Strategy worth $211,395,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Strategy by 204.5% during the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker's stock worth $1,396,000 after purchasing an additional 5,560 shares during the period. Garden State Investment Advisory Services LLC increased its stake in Strategy by 1,005.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock worth $443,000 after purchasing an additional 2,392 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Strategy by 1,362.5% during the 3rd quarter. Janus Henderson Group PLC now owns 11,700 shares of the software maker's stock worth $1,973,000 after buying an additional 10,900 shares during the period. Quantinno Capital Management LP bought a new position in Strategy in the third quarter valued at approximately $282,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Strategy by 979.8% in the third 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 period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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Strategy Stock Performance

Shares of NASDAQ:MSTR traded up $9.33 on Monday, hitting $309.31. The company had a trading volume of 5,911,076 shares, compared to its average volume of 17,985,966. The stock has a 50 day moving average price of $295.80 and a 200 day moving average price of $306.65. 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 market cap of $79.60 billion, a price-to-earnings ratio of -54.91 and a beta of 3.46. Strategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly 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%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MSTR shares. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Keefe, Bruyette & Woods began coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Cantor Fitzgerald lifted their target price on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Maxim Group upped their price target on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and a consensus target price of $508.09.

Insiders Place Their Bets

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 transaction of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at $2,569,952.35. This 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 through the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company 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.