Nomura Asset Management Co. Ltd. Acquires 4,849 Shares of Strategy Inc $MSTR

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 5.5% during the 4th quarter, Holdings Channel reports. The firm owned 92,463 shares of the software maker’s stock after purchasing an additional 4,849 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Strategy were worth $14,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Strategy by 21.0% during the fourth quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock worth $3,656,356,000 after purchasing an additional 4,178,611 shares during the period. Capital International Investors increased its holdings in shares of Strategy by 2.6% during the third quarter. Capital International Investors now owns 15,014,295 shares of the software maker’s stock worth $4,837,778,000 after purchasing an additional 383,207 shares during the period. State Street Corp increased its stake in Strategy by 9.2% in the third quarter. State Street Corp now owns 5,989,048 shares of the software maker’s stock valued at $1,929,731,000 after acquiring an additional 504,479 shares during the last quarter. Capital Research Global Investors increased its stake in Strategy by 33.6% in the third quarter. Capital Research Global Investors now owns 4,205,258 shares of the software maker’s stock valued at $1,354,982,000 after acquiring an additional 1,057,804 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Strategy by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 3,911,499 shares of the software maker’s stock valued at $592,832,000 after acquiring an additional 175,343 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of recent analyst reports. Zacks Research cut shares of Strategy from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. TD Cowen lifted their price objective on shares of Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Monness Crespi & Hardt reissued a “neutral” rating on shares of Strategy in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating on shares of Strategy in a research note on Monday, May 11th. Finally, Texas Capital raised shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $313.93.

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Mizuho kept an Outperform rating on Strategy Inc (MSTR) while lowering its price target to $265, implying substantial upside from current levels. Article Title
• Neutral Sentiment: Several reports note that the company sold only 32 Bitcoin for about $2.5 million, a tiny fraction of its holdings, and said the proceeds will help fund preferred stock dividends. Article Title
• Neutral Sentiment: Michael Saylor has suggested Strategy may actively manage its Bitcoin treasury going forward, which could reduce the “never sell” premium but also improve flexibility if balance-sheet needs arise. Article Title
• Negative Sentiment: The Bitcoin sale spooked investors and renewed concerns that Strategy’s valuation premium is tied to a promise the company just abandoned, pressuring the stock. Article Title
• Negative Sentiment: Bitcoin’s drop below $70,000 amplified the selloff in MSTR because Strategy remains highly exposed to crypto price moves. Article Title

Strategy Stock Performance

Shares of Strategy stock opened at $136.08 on Wednesday. Strategy Inc has a fifty-two week low of $104.17 and a fifty-two week high of $457.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The firm has a market capitalization of $47.69 billion, a P/E ratio of -3.39 and a beta of 3.49. The company’s 50 day moving average price is $154.39 and its two-hundred day moving average price is $156.28.

Strategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The company had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. During the same quarter in the prior year, the business earned ($16.49) EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Strategy Inc will post 116.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Strategy news, Director Jarrod M. Patten sold 15,050 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $154.94, for a total value of $2,331,847.00. Following the sale, the director owned 28,000 shares in the company, valued at $4,338,320. This trade represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 5,597 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $165.78, for a total transaction of $927,870.66. Following the completion of the sale, the chief financial officer owned 33,675 shares in the company, valued at $5,582,641.50. This represents a 14.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 63,849 shares of company stock worth $9,913,765 in the last 90 days. Company insiders own 6.49% of the company’s stock.

Strategy Profile

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.