Mitsubishi UFJ Trust & Banking Corp Purchases 5,566 Shares of Strategy Inc $MSTR

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Strategy Inc (NASDAQ:MSTR) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,793 shares of the software maker’s stock after purchasing an additional 5,566 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Strategy were worth $43,169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. National Pension Service grew its position in Strategy by 75.0% during the second quarter. National Pension Service now owns 507,093 shares of the software maker’s stock worth $204,982,000 after buying an additional 217,358 shares in the last quarter. Verus Capital Partners LLC boosted its position in shares of Strategy by 82.9% during the 2nd quarter. Verus Capital Partners LLC now owns 7,871 shares of the software maker’s stock valued at $3,182,000 after acquiring an additional 3,567 shares during the last quarter. STF Management LP grew its holdings in shares of Strategy by 3.3% during the second quarter. STF Management LP now owns 3,102 shares of the software maker’s stock worth $1,254,000 after purchasing an additional 100 shares in the last quarter. Birchcreek Wealth Management LLC purchased a new position in shares of Strategy during the second quarter worth about $218,000. Finally, Vise Technologies Inc. bought a new position in shares of Strategy in the second quarter worth approximately $1,347,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling

In other Strategy news, EVP Wei-Ming Shao sold 30,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at approximately $4,547,890.62. This trade represents a 70.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jarrod M. Patten bought 12,000 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were acquired at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the acquisition, the director owned 29,335 shares in the company, valued at approximately $2,841,974.80. This represents a 69.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 36,399 shares of company stock valued at $3,539,220. 8.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 target price (down from $65.00) on shares of Strategy in a research report on Tuesday, September 30th. China Renaissance initiated coverage on shares of Strategy in a report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price objective for the company. BTIG Research cut their target price on shares of Strategy from $700.00 to $630.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Mizuho raised their price target on Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Finally, Benchmark reiterated a “buy” rating on shares of Strategy in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $485.80.

Strategy Trading Down 7.2%

NASDAQ:MSTR opened at $208.54 on Friday. The company has a 50-day moving average price of $301.32 and a 200-day moving average price of $357.04. The stock has a market cap of $59.92 billion, a price-to-earnings ratio of 18.36 and a beta of 3.87. 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 Inc has a 12 month low of $207.03 and a 12 month high of $543.00.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $8.52. The company had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.65 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. Strategy’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.56) earnings per share. 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.