Price T Rowe Associates Inc. MD Raises Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Price T Rowe Associates Inc. MD grew its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 65.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,259 shares of the software maker's stock after buying an additional 147,290 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.16% of Strategy worth $107,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other institutional investors and hedge funds have also recently modified their holdings of MSTR. Proficio Capital Partners LLC purchased a new position in Strategy in the fourth quarter worth about $81,783,000. Clarity Capital Partners LLC increased its stake in shares of Strategy by 122.3% in 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 in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Strategy in the 3rd quarter worth $254,000. Virtu Financial LLC lifted its position 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 valued at $220,626,000 after purchasing an additional 97,515 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MSTR shares. Keefe, Bruyette & Woods assumed coverage on Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Mizuho initiated coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Barclays cut their target price on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Canaccord Genuity Group dropped their price objective on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $508.09.

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Check Out Our Latest Stock Analysis on Strategy

Insider Transactions at Strategy

In other Strategy 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 value of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This represents a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarrod M. Patten sold 1,700 shares of Strategy 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. Over the last ninety days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 34,698 shares worth $11,403,343. Corporate insiders own 9.16% of the company's stock.

Strategy Stock Performance

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Strategy stock opened at $368.71 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market capitalization of $94.89 billion, a P/E ratio of -65.46 and a beta of 3.46. Strategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company's 50-day moving average is $295.57 and its 200 day moving average is $317.35.

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

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.

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