Sumitomo Mitsui Trust Group Inc. Increases Position in Strategy Inc $MSTR

Key Points

• Sumitomo Mitsui Trust Group Inc. has increased its stake in Strategy Inc (NASDAQ:MSTR) by 11.3% during the second quarter, now owning approximately $237.9 million worth of shares.
• A significant insider transaction was noted as Director Gregg Winiarski purchased 10,000 shares worth nearly $976,500, while EVP Wei-Ming Shao sold 30,000 shares, resulting in a 70.21% decrease in their position.
• Strategy Inc. reported a 1,036.61% net margin for the last quarter, with earnings per share (EPS) of $32.60, significantly surpassing analysts' expectations of ($0.12).

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 588,538 shares of the software maker's stock after acquiring an additional 59,688 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Strategy worth $237,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MSTR. Mn Services Vermogensbeheer B.V. acquired a new position in Strategy during the second quarter worth about $37,391,000. Swedbank AB acquired a new position in Strategy during the first quarter worth about $17,352,000. Robeco Institutional Asset Management B.V. grew its position in Strategy by 75.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker's stock worth $50,791,000 after buying an additional 54,144 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Strategy during the first quarter worth about $13,795,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Strategy during the second quarter worth about $9,297,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Strategy

In related news, Director Gregg Winiarski purchased 10,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were bought at an average price of $97.65 per share, with a total value of $976,500.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $976,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the transaction, the executive vice president directly owned 12,726 shares in the company, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 289,254 shares of company stock valued at $26,372,670 and have sold 65,000 shares valued at $24,099,750. Company insiders own 8.46% of the company's stock.

Strategy Stock Up 1.5%

Shares of NASDAQ MSTR opened at $289.08 on Friday. Strategy Inc has a 1 year low of $220.82 and a 1 year high of $543.00. The firm's 50 day moving average price is $326.41 and its 200 day moving average price is $362.64. The firm has a market cap of $81.97 billion, a P/E ratio of 25.45 and a beta of 3.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MSTR. TD Cowen lowered their target price on shares of Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Benchmark reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, August 13th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a research report on Wednesday, August 13th. Mizuho increased their price target on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. Finally, BTIG Research increased their price target on shares of Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $505.47.

Strategy Company 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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