Sumitomo Mitsui Trust Group Inc. Raises Stock Position in Strategy Inc $MSTR

Sumitomo Mitsui Trust Group Inc. grew its holdings in Strategy Inc (NASDAQ:MSTR) by 11.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 588,538 shares of the software maker’s stock after acquiring an additional 59,688 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Strategy were worth $237,905,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fiduciary Alliance LLC grew its holdings in Strategy by 28.4% during the 2nd quarter. Fiduciary Alliance LLC now owns 44,918 shares of the software maker’s stock worth $18,157,000 after acquiring an additional 9,937 shares in the last quarter. Swedbank AB acquired a new position in Strategy during the 1st quarter worth $17,352,000. GAMMA Investing LLC grew its holdings in Strategy by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock worth $239,000 after acquiring an additional 268 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in Strategy by 12.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 12,140 shares of the software maker’s stock worth $4,907,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Shariaportfolio Inc. grew its holdings in Strategy by 2.9% during the 2nd quarter. Shariaportfolio Inc. now owns 90,138 shares of the software maker’s stock worth $36,436,000 after acquiring an additional 2,541 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Strategy

In related news, Director Peter L. Briger, Jr. purchased 220,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of $90.00 per share, for a total transaction of $19,800,000.00. Following the transaction, the director owned 220,000 shares of the company’s stock, valued at $19,800,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jarrod M. Patten purchased 12,000 shares of the company’s stock in a transaction on Friday, October 17th. The shares were bought at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the transaction, the director directly owned 29,335 shares in the company, valued at $2,841,974.80. This represents a 69.22% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 289,254 shares of company stock worth $26,372,670 and sold 65,000 shares worth $24,099,750. Corporate insiders own 8.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MSTR. China Renaissance began coverage on shares of Strategy in a report on Wednesday, October 15th. They issued a “buy” rating and a $473.00 price target for the company. Mizuho lifted their price target on shares of Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Citigroup began coverage on shares of Strategy in a report on Tuesday. They issued a “buy” rating and a $485.00 price target for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $464.00 price target on shares of Strategy in a report on Tuesday, August 26th. Finally, BTIG Research lifted their price target on shares of Strategy from $620.00 to $700.00 and gave the company a “buy” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.47.

Strategy Trading Up 1.5%

Shares of NASDAQ:MSTR opened at $289.08 on Friday. The company has a market cap of $81.97 billion, a PE ratio of 25.45 and a beta of 3.83. The company’s 50-day moving average price is $326.41 and its 200 day moving average price is $362.64. Strategy Inc has a fifty-two week low of $220.82 and a fifty-two week high of $543.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $32.72. The firm had revenue of $114.49 million for the quarter, compared to the consensus estimate of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. Strategy’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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.