Envestnet Asset Management Inc. Trims Holdings in Strategy Incorporated (NASDAQ:MSTR)

Envestnet Asset Management Inc. lessened its stake in Strategy Incorporated (NASDAQ:MSTR) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,907 shares of the software maker’s stock after selling 15,755 shares during the period. Envestnet Asset Management Inc.’s holdings in Strategy were worth $4,607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Garden State Investment Advisory Services LLC raised its stake in shares of Strategy by 1,005.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock valued at $443,000 after purchasing an additional 2,392 shares in the last quarter. Virtu Financial LLC increased its holdings in Strategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after buying an additional 222,109 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in Strategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock valued at $396,000 after buying an additional 2,115 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after buying an additional 135 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Strategy by 1,105.2% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker’s stock worth $782,000 after acquiring an additional 4,255 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Trading Up 8.0 %

NASDAQ:MSTR opened at $343.03 on Wednesday. The stock has a market cap of $88.28 billion, a price-to-earnings ratio of -60.90 and a beta of 3.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The business has a fifty day moving average of $294.47 and a 200-day moving average of $312.97.

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

Analyst Ratings Changes

MSTR has been the topic of several research analyst reports. Mizuho initiated coverage on Strategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Barclays reduced their price target on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Compass Point raised shares of Strategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group cut their target price on shares of Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Maxim Group upped their target price on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Strategy has an average rating of “Moderate Buy” and a consensus target price of $508.09.

Insiders Place Their Bets

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 10,000 shares of Strategy stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total transaction of $3,150,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,597 shares in the company, valued at $3,338,055. This represents a 48.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 8,000 shares of company stock worth $680,000 and sold 32,998 shares worth $10,821,926. 9.16% of the stock is currently owned by insiders.

About Strategy

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.