BI Asset Management Fondsmaeglerselskab A S Has $8.52 Million Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of Strategy Incorporated (NASDAQ:MSTR) by 54.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,428 shares of the software maker’s stock after selling 35,523 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Strategy were worth $8,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Strategy in the fourth quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new stake in Strategy in the 4th quarter worth about $25,000. Quadrant Capital Group LLC grew its position in shares of Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares during the period. Finally, Aspect Partners LLC acquired a new stake in shares of Strategy in the fourth quarter valued at approximately $28,000. 59.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Monness Crespi & Hardt lowered Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Canaccord Genuity Group cut 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. Compass Point raised shares of Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Maxim Group upped their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $508.09.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $317.20 on Friday. Strategy Incorporated has a one year low of $101.00 and a one year high of $543.00. 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 company has a market cap of $81.63 billion, a price-to-earnings ratio of -56.31 and a beta of 3.46. The firm has a 50 day simple moving average of $294.28 and a 200 day simple moving average of $310.74.

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 Activity

In related news, CFO Andrew Kang acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 10,000 shares of Strategy stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total value of $3,150,000.00. Following the transaction, the executive vice president now directly owns 10,597 shares in the company, valued at $3,338,055. The trade was a 48.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. Insiders own 9.16% of the company’s stock.

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.