Chiron Investment Management LLC Buys Shares of 723 Strategy Incorporated (NASDAQ:MSTR)

Chiron Investment Management LLC purchased a new position in shares of Strategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 723 shares of the software maker’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Norges Bank bought a new position in shares of Strategy during the 4th quarter valued at about $523,981,000. Charles Schwab Investment Management Inc. grew its position in shares of Strategy by 14.7% in the 4th 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. 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 purchasing an additional 413,028 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Strategy by 10.4% during the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock worth $149,734,000 after buying an additional 48,800 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Monness Crespi & Hardt lowered shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a research note on Tuesday, April 1st. Cantor Fitzgerald lifted their price target on Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Finally, Barclays dropped their target price on Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $508.09.

Strategy Trading Up 10.1 %

Shares of Strategy stock opened at $299.98 on Monday. The stock has a market cap of $77.20 billion, a P/E ratio of -53.25 and a beta of 3.46. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The business’s 50 day moving average is $295.80 and its 200-day moving average is $306.65.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Buying and Selling

In other news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was 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. The trade was a 5.80 % 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 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

Strategy Company 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.