Strategy Inc $MSTR Stock Holdings Increased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. significantly increased its holdings in Strategy Inc (NASDAQ:MSTR) by 696.8% in Q2, bringing its total share count to 12,343 shares valued at approximately $4.99 million.
• Institutional investors now own 59.84% of Strategy's stock, with several firms adjusting their positions, including Sumitomo Mitsui Trust Group, which increased its stake by 27.4%.
• Recent changes to price targets from analysts include TD Cowen lowering theirs from $640 to $620, while Mizuho raised it from $563 to $586, reflecting varying confidence in the stock's future performance.

QRG Capital Management Inc. raised its holdings in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 696.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,343 shares of the software maker's stock after acquiring an additional 10,794 shares during the period. QRG Capital Management Inc.'s holdings in Strategy were worth $4,990,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MSTR. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Strategy by 27.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock valued at $152,452,000 after purchasing an additional 113,752 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new position in shares of Strategy during the 2nd quarter valued at $37,391,000. Swedbank AB acquired a new position in shares of Strategy during the 1st quarter valued at $17,352,000. Robeco Institutional Asset Management B.V. increased its position in shares of Strategy by 75.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker's stock valued at $50,791,000 after purchasing an additional 54,144 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Strategy during the 1st quarter valued at $13,795,000. Institutional investors own 59.84% of the company's stock.

Insider Activity

In other news, Director Peter L. Briger, Jr. purchased 220,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $19,800,000.00. Following the completion of the purchase, the director directly owned 220,000 shares of the company's stock, valued at approximately $19,800,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 43,750 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $430.54, for a total value of $18,836,125.00. Following the transaction, the chief accounting officer owned 8,606 shares in the company, valued at $3,705,227.24. This represents a 83.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 265,474 shares of company stock valued at $24,056,259 and sold 152,150 shares valued at $62,847,251. 8.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MSTR has been the topic of several research analyst reports. TD Cowen lowered their price target on Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Strategy in a research report on Saturday, September 27th. Cowen restated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Mizuho lifted their target price on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $54.00 target price (down from $65.00) on shares of Strategy in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $509.54.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $351.63 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50-day moving average of $351.36 and a two-hundred day moving average of $363.02. The stock has a market capitalization of $99.70 billion, a P/E ratio of 30.95 and a beta of 3.83. Strategy Inc has a fifty-two week low of $163.97 and a fifty-two week high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $32.72. The business had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy 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.

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