Nomura Asset Management Co. Ltd. Has $14.05 Million Stock Holdings in Strategy Inc $MSTR

Nomura Asset Management Co. Ltd. raised its position in Strategy Inc (NASDAQ:MSTR) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,463 shares of the software maker’s stock after acquiring an additional 4,849 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Strategy were worth $14,050,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MSTR. Rhumbline Advisers lifted its stake in Strategy by 16.1% in the 3rd quarter. Rhumbline Advisers now owns 313,565 shares of the software maker’s stock valued at $101,034,000 after purchasing an additional 43,509 shares during the last quarter. Schroder Investment Management Group lifted its stake in Strategy by 21.0% in the 3rd quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock valued at $38,175,000 after purchasing an additional 20,536 shares during the last quarter. Van ECK Associates Corp lifted its stake in Strategy by 46.1% in the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock valued at $65,894,000 after purchasing an additional 64,482 shares during the last quarter. Daviman Financial LLC acquired a new stake in Strategy in the 4th quarter valued at about $1,013,000. Finally, Harvest Portfolios Group Inc. lifted its stake in Strategy by 119.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock valued at $499,593,000 after purchasing an additional 842,480 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten sold 15,050 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $154.94, for a total transaction of $2,331,847.00. Following the transaction, the director directly owned 28,000 shares of the company’s stock, valued at approximately $4,338,320. This trade represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Kang sold 5,597 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $165.78, for a total transaction of $927,870.66. Following the transaction, the chief financial officer directly owned 33,675 shares in the company, valued at $5,582,641.50. This represents a 14.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 63,849 shares of company stock valued at $9,913,765 in the last three months. 6.49% of the stock is currently owned by company insiders.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Mizuho kept an Outperform rating on Strategy Inc (MSTR) while lowering its price target to $265, implying substantial upside from current levels. Article Title
• Neutral Sentiment: Several reports note that the company sold only 32 Bitcoin for about $2.5 million, a tiny fraction of its holdings, and said the proceeds will help fund preferred stock dividends. Article Title
• Neutral Sentiment: Michael Saylor has suggested Strategy may actively manage its Bitcoin treasury going forward, which could reduce the “never sell” premium but also improve flexibility if balance-sheet needs arise. Article Title
• Negative Sentiment: The Bitcoin sale spooked investors and renewed concerns that Strategy’s valuation premium is tied to a promise the company just abandoned, pressuring the stock. Article Title
• Negative Sentiment: Bitcoin’s drop below $70,000 amplified the selloff in MSTR because Strategy remains highly exposed to crypto price moves. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. B. Riley Financial raised their target price on shares of Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. HC Wainwright reiterated a “buy” rating on shares of Strategy in a research note on Friday, February 6th. Wall Street Zen downgraded shares of Strategy from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th. Finally, Zacks Research downgraded shares of Strategy from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $313.93.

Strategy Stock Down 9.1%

Strategy stock opened at $136.08 on Wednesday. The stock has a market cap of $47.69 billion, a P/E ratio of -3.39 and a beta of 3.49. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. Strategy Inc has a twelve month low of $104.17 and a twelve month high of $457.22. The company’s 50-day moving average price is $154.39 and its two-hundred day moving average price is $156.28.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The company had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($16.49) earnings per share. As a group, analysts expect that Strategy Inc will post 116.7 EPS for the current year.

Strategy Company Profile

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.