Invesco Ltd. Raises Stock Holdings in Strategy Inc $MSTR

Invesco Ltd. raised its holdings in shares of Strategy Inc (NASDAQ:MSTR) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,398,098 shares of the software maker’s stock after purchasing an additional 171,940 shares during the quarter. Invesco Ltd. owned 0.51% of Strategy worth $565,153,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Strategy during the 2nd quarter worth $1,203,062,000. Harvest Portfolios Group Inc. lifted its position in shares of Strategy by 181.8% during the second quarter. Harvest Portfolios Group Inc. now owns 708,040 shares of the software maker’s stock worth $286,211,000 after purchasing an additional 456,745 shares during the last quarter. National Pension Service increased its holdings in Strategy by 75.0% in the second quarter. National Pension Service now owns 507,093 shares of the software maker’s stock valued at $204,982,000 after buying an additional 217,358 shares during the last quarter. Legal & General Group Plc raised its stake in Strategy by 19.1% during the second quarter. Legal & General Group Plc now owns 1,168,437 shares of the software maker’s stock valued at $472,317,000 after buying an additional 187,291 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Strategy by 142.7% in the 2nd quarter. New York State Common Retirement Fund now owns 281,450 shares of the software maker’s stock worth $113,771,000 after acquiring an additional 165,500 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Trading Down 1.3%

Strategy stock opened at $186.01 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. Strategy Inc has a 12 month low of $155.61 and a 12 month high of $457.22. The company’s fifty day simple moving average is $257.15 and its 200-day simple moving average is $334.83. The stock has a market cap of $53.45 billion, a P/E ratio of 8.65 and a beta of 3.40.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, beating the consensus estimate of ($0.10) by $8.52. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The business had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $116.65 million. During the same quarter in the previous year, the business posted ($1.56) EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSTR. Canaccord Genuity Group boosted their price objective on Strategy from $464.00 to $474.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. China Renaissance assumed coverage on shares of Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price target for the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $54.00 price objective (down from $65.00) on shares of Strategy in a research report on Tuesday, September 30th. BTIG Research cut their price target on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Mizuho increased their target price 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. One equities research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $485.80.

Insider Activity at Strategy

In related news, Director Jane A. Dietze bought 1,100 shares of Strategy stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $95.28 per share, for a total transaction of $104,808.00. Following the acquisition, the director owned 2,600 shares in the company, valued at $247,728. This trade represents a 73.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jarrod M. Patten acquired 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average cost of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the acquisition, the director owned 29,335 shares in the company, valued at $2,841,974.80. This trade represents a 69.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. 8.46% of the stock is owned by company insiders.

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.