Swedbank AB Increases Stake in Strategy Inc $MSTR

Key Points

• Swedbank AB increased its holdings in Strategy Inc (NASDAQ:MSTR) by 32.0% during Q2, bringing its total to 79,437 shares valued at approximately $32.1 million.
• Several other institutional investors have also adjusted their stakes, with Quantinno Capital Management LP increasing theirs by 117.6% and UBS AM raising theirs by 25.4%.
• Analysts maintain a generally positive outlook for Strategy Inc, with the stock receiving a mix of ratings, including a notable "buy" from Cowen and revised target prices ranging from $563 to $700.

Swedbank AB lifted its holdings in shares of Strategy Inc (NASDAQ:MSTR - Free Report) by 32.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,437 shares of the software maker's stock after purchasing an additional 19,242 shares during the period. Swedbank AB's holdings in Strategy were worth $32,111,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Strategy by 25.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after purchasing an additional 162,757 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Strategy by 27.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock worth $152,452,000 after purchasing an additional 113,752 shares during the period. Rhumbline Advisers lifted its holdings in Strategy by 35.5% in the first quarter. Rhumbline Advisers now owns 268,406 shares of the software maker's stock valued at $77,373,000 after buying an additional 70,359 shares during the period. GAMMA Investing LLC lifted its holdings in Strategy by 42,473.7% in the first quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker's stock valued at $68,973,000 after buying an additional 238,702 shares during the period. Finally, Correct Capital Wealth Management lifted its holdings in Strategy by 12.4% in the first quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker's stock valued at $54,328,000 after buying an additional 20,790 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Cowen restated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. TD Cowen decreased their price target on shares of Strategy from $640.00 to $620.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. 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 research note on Friday, August 1st. Mizuho lifted their price target on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $547.50.

Insiders Place Their Bets

In related news, Director Gregg Winiarski bought 10,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $97.65 per share, with a total value of $976,500.00. Following the purchase, the director owned 10,000 shares of the company's stock, valued at approximately $976,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao purchased 12,500 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were acquired at an average cost of $96.92 per share, with a total value of $1,211,500.00. Following the completion of the transaction, the executive vice president owned 15,000 shares in the company, valued at $1,453,800. This trade represents a 500.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 265,474 shares of company stock worth $24,056,259 and have sold 142,150 shares worth $59,289,351. Insiders own 8.46% of the company's stock.

Strategy Price Performance

Shares of NASDAQ:MSTR traded down $4.37 during trading on Friday, reaching $344.75. The company had a trading volume of 17,669,417 shares, compared to its average volume of 10,064,784. The company has a fifty day moving average of $371.79 and a two-hundred day moving average of $359.18. The stock has a market capitalization of $97.75 billion, a P/E ratio of 30.35 and a beta of 3.82. Strategy Inc has a 12 month low of $141.64 and a 12 month high of $543.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

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

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.