Tower Research Capital LLC TRC Increases Stake in Strategy Incorporated (NASDAQ:MSTR)

Tower Research Capital LLC TRC raised its holdings in shares of Strategy Incorporated (NASDAQ:MSTR) by 168.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,142 shares of the software maker’s stock after purchasing an additional 10,755 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Strategy were worth $4,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSTR. Norges Bank bought a new position in Strategy in the 4th quarter worth approximately $523,981,000. Amundi grew its holdings in Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after buying an additional 413,028 shares in the last quarter. First Trust Advisors LP increased its position in shares of Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock valued at $120,938,000 after buying an additional 303,517 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Strategy in the fourth quarter worth about $81,783,000. Finally, Geode Capital Management LLC boosted 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 valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSTR. Monness Crespi & Hardt downgraded shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a report on Tuesday, April 1st. Cantor Fitzgerald lifted their price objective on Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Canaccord Genuity Group decreased their target price on Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods began coverage on shares of Strategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. One investment 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $508.09.

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 32,998 shares worth $10,821,926. Company insiders own 9.16% of the company’s stock.

Strategy Price Performance

Shares of Strategy stock opened at $317.20 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $81.63 billion, a price-to-earnings ratio of -56.31 and a beta of 3.46. The company has a fifty day moving average of $294.28 and a 200-day moving average of $311.77. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00.

Strategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

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.