Intech Investment Management LLC Reduces Stock Position in Strategy Inc $MSTR

Intech Investment Management LLC lowered its stake in shares of Strategy Inc (NASDAQ:MSTR) by 48.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,697 shares of the software maker’s stock after selling 4,357 shares during the period. Intech Investment Management LLC’s holdings in Strategy were worth $714,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dogwood Wealth Management LLC lifted its position in shares of Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Binnacle Investments Inc lifted its position in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares in the last quarter. City State Bank lifted its position in shares of Strategy by 354.5% during the fourth quarter. City State Bank now owns 250 shares of the software maker’s stock worth $38,000 after acquiring an additional 195 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Strategy by 576.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 264 shares of the software maker’s stock worth $42,000 after acquiring an additional 225 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Strategy by 356.7% during the third quarter. Bessemer Group Inc. now owns 137 shares of the software maker’s stock worth $44,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy reported it bought 1,550 Bitcoin for about $101.3 million between June 1 and June 7, signaling that Michael Saylor’s firm is still adding to its treasury despite the recent crypto selloff. Strategy resumes bitcoin buying spree, quelling market panic
• Positive Sentiment: The company’s shareholders approved changes to preferred dividends, including moving STRC payments to a semi-monthly schedule, which may improve the appeal of Strategy’s income-linked securities. Strategy Shareholders Approve Changes to Preferred Dividends
• Positive Sentiment: Bitcoin and other crypto stocks bounced after last week’s sharp decline, lifting sentiment toward Strategy as a major corporate Bitcoin holder. Strategy, Coinbase, Circle and Robinhood Lead Crypto Stocks Rally Amid Bitcoin Rebound
• Neutral Sentiment: Michael Saylor hinted that Strategy may be preparing another Bitcoin purchase, which keeps traders focused on the company’s accumulation strategy but does not add new hard numbers yet. Michael Saylor Hints At Potential Bitcoin Acquisition As Strategy CEO Reaffirms Commitment To Grow BTC Holdings
• Negative Sentiment: Some headlines remain a drag, including JPMorgan’s warning that Strategy may need to rebuild dollar reserves and could face pressure to sell more Bitcoin to fund dividends. JPMorgan: Strategy’s $1.7 Billion Dividend Bill Could Force More Bitcoin Sales
• Negative Sentiment: Investor concern is also being fueled by insider selling, including reports that CEO Phong Le and executive Andrew Kang sold shares during the recent selloff. Phong Le Sells 93,738 Shares of Strategy (NASDAQ:MSTR) Stock

Insider Buying and Selling at Strategy

In other Strategy news, Director Jarrod M. Patten sold 15,050 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $154.94, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phong Le sold 93,738 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.73, for a total value of $11,129,512.74. Following the sale, the chief executive officer owned 119,925 shares in the company, valued at $14,238,695.25. The trade was a 43.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 190,649 shares of company stock worth $24,968,729 over the last 90 days. Corporate insiders own 6.49% of the company’s stock.

Strategy Trading Up 5.6%

Shares of MSTR stock opened at $127.20 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. Strategy Inc has a 52-week low of $104.17 and a 52-week high of $457.22. The company has a market capitalization of $44.58 billion, a PE ratio of -3.17 and a beta of 3.50. The business’s fifty day moving average is $153.54 and its 200 day moving average is $153.50.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on MSTR shares. Mizuho dropped their target price on Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Benchmark restated a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. Zacks Research downgraded Strategy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. B. Riley Financial increased their price objective on Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $313.93.

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.