Tower Research Capital LLC TRC Has $4.97 Million Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Tower Research Capital LLC TRC grew its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 168.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,142 shares of the software maker's stock after acquiring an additional 10,755 shares during the period. Tower Research Capital LLC TRC's holdings in Strategy were worth $4,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Strategy in the 4th quarter valued at about $523,981,000. Amundi increased its stake in Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares during the period. First Trust Advisors LP raised its holdings in Strategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after acquiring an additional 303,517 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Strategy during the 4th quarter worth $81,783,000. Finally, Geode Capital Management LLC increased its position in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on MSTR. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Benchmark reissued a "buy" rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. 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. Maxim Group raised their price target on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group lowered their price objective on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Strategy has an average rating of "Moderate Buy" and an average price target of $508.09.

Strategy Trading Up 1.3 %

MSTR traded up $4.61 during trading on Thursday, reaching $350.34. 10,688,932 shares of the company's stock were exchanged, compared to its average volume of 17,978,187. 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 Incorporated has a one year low of $101.00 and a one year high of $543.00. The firm has a fifty day moving average price of $294.63 and a two-hundred day moving average price of $313.19. The stock has a market capitalization of $90.16 billion, a PE ratio of -62.19 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.

Insider Buying and Selling at Strategy

In related news, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jarrod M. Patten sold 1,700 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $342.01, for a total transaction of $581,417.00. Following the sale, the director now directly owns 4,970 shares of the company's stock, valued at $1,699,789.70. This represents a 25.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 34,698 shares worth $11,403,343. 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.