Intech Investment Management LLC Lowers Stock Holdings in Strategy Inc $MSTR

Intech Investment Management LLC reduced its stake in shares of Strategy Inc (NASDAQ:MSTR) by 48.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,697 shares of the software maker’s stock after selling 4,357 shares during the quarter. Intech Investment Management LLC’s holdings in Strategy were worth $714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. McIlrath & Eck LLC grew its stake in shares of Strategy by 3.8% during the second quarter. McIlrath & Eck LLC now owns 1,246 shares of the software maker’s stock valued at $504,000 after buying an additional 46 shares during the last quarter. Mill Creek Capital Advisors LLC grew its stake in shares of Strategy by 2.8% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,748 shares of the software maker’s stock valued at $563,000 after buying an additional 48 shares during the last quarter. Angeles Wealth Management LLC grew its stake in shares of Strategy by 6.2% during the third quarter. Angeles Wealth Management LLC now owns 893 shares of the software maker’s stock valued at $288,000 after buying an additional 52 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Strategy by 0.6% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,533 shares of the software maker’s stock valued at $3,061,000 after buying an additional 53 shares during the last quarter. Finally, Binnacle Investments Inc grew its stake in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after buying an additional 69 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy reported it bought 1,550 Bitcoin for about $101.3 million between June 1 and June 7, signaling that Michael Saylor’s firm is still adding to its treasury despite the recent crypto selloff. Strategy resumes bitcoin buying spree, quelling market panic
• Positive Sentiment: The company’s shareholders approved changes to preferred dividends, including moving STRC payments to a semi-monthly schedule, which may improve the appeal of Strategy’s income-linked securities. Strategy Shareholders Approve Changes to Preferred Dividends
• Positive Sentiment: Bitcoin and other crypto stocks bounced after last week’s sharp decline, lifting sentiment toward Strategy as a major corporate Bitcoin holder. Strategy, Coinbase, Circle and Robinhood Lead Crypto Stocks Rally Amid Bitcoin Rebound
• Neutral Sentiment: Michael Saylor hinted that Strategy may be preparing another Bitcoin purchase, which keeps traders focused on the company’s accumulation strategy but does not add new hard numbers yet. Michael Saylor Hints At Potential Bitcoin Acquisition As Strategy CEO Reaffirms Commitment To Grow BTC Holdings
• Negative Sentiment: Some headlines remain a drag, including JPMorgan’s warning that Strategy may need to rebuild dollar reserves and could face pressure to sell more Bitcoin to fund dividends. JPMorgan: Strategy’s $1.7 Billion Dividend Bill Could Force More Bitcoin Sales
• Negative Sentiment: Investor concern is also being fueled by insider selling, including reports that CEO Phong Le and executive Andrew Kang sold shares during the recent selloff. Phong Le Sells 93,738 Shares of Strategy (NASDAQ:MSTR) Stock

Strategy Stock Up 5.6%

NASDAQ MSTR opened at $127.20 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The stock has a market capitalization of $44.58 billion, a PE ratio of -3.17 and a beta of 3.50. Strategy Inc has a 1 year low of $104.17 and a 1 year high of $457.22. The business’s 50-day moving average is $153.54 and its 200 day moving average is $153.50.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MSTR. Zacks Research cut Strategy from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Texas Capital raised Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. B. Riley Financial raised their price objective on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Strategy in a research note on Tuesday, June 2nd. Finally, Mizuho reduced their price objective on Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $313.93.

Insider Buying and Selling

In related news, CFO Andrew Kang sold 33,062 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.73, for a total value of $3,925,451.26. Following the sale, the chief financial officer directly owned 68,733 shares of the company’s stock, valued at $8,160,669.09. This trade represents a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Phong Le sold 93,738 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $118.73, for a total value of $11,129,512.74. Following the completion of the sale, the chief executive officer directly owned 119,925 shares in the company, valued at $14,238,695.25. The trade was a 43.87% 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 190,649 shares of company stock valued at $24,968,729 over the last ninety days. 6.49% of the stock is owned by insiders.

About Strategy

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.