West Family Investments Inc. Makes New Investment in Strategy Inc $MSTR

West Family Investments Inc. bought a new stake in shares of Strategy Inc (NASDAQ:MSTR) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 974 shares of the software maker’s stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSTR. Norges Bank acquired a new stake in Strategy in the second quarter valued at $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 lifted its position in shares of 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 purchasing an additional 217,358 shares during the last quarter. Legal & General Group Plc grew its stake in Strategy by 19.1% in the second quarter. Legal & General Group Plc now owns 1,168,437 shares of the software maker’s stock worth $472,317,000 after purchasing an additional 187,291 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Strategy by 17.1% in the second quarter. Swiss National Bank now owns 749,300 shares of the software maker’s stock valued at $302,890,000 after buying an additional 109,500 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Strategy in a report on Friday, October 31st. Citigroup initiated coverage on Strategy in a research note on Tuesday, October 21st. They set a “buy” rating and a $485.00 price objective on the stock. Canaccord Genuity Group lifted their price objective on shares of Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. BTIG Research dropped their target price on shares of Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Mizuho lifted their price target on shares of Strategy from $563.00 to $586.00 and gave the company an “outperform” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $485.80.

Strategy Stock Up 1.4%

MSTR stock opened at $178.11 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a fifty-two week low of $166.01 and a fifty-two week high of $457.22. The firm’s 50-day simple moving average is $268.36 and its 200 day simple moving average is $340.57. The stock has a market cap of $51.18 billion, a PE ratio of 15.68 and a beta of 3.87.

Strategy (NASDAQ:MSTR) last posted its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $8.52. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm had revenue of $128.69 million during the quarter, compared to analyst estimates of $116.65 million. During the same period in the previous year, the business posted ($1.56) EPS. Strategy’s revenue was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Transactions at Strategy

In other Strategy news, Director Jane A. Dietze purchased 1,100 shares of Strategy stock in a transaction on Friday, November 21st. The stock was bought at an average price of $95.28 per share, for a total transaction of $104,808.00. Following the transaction, the director owned 2,600 shares of the company’s stock, valued at $247,728. The trade was a 73.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jarrod M. Patten purchased 12,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was acquired at an average cost of $96.88 per share, with a total value of $1,162,560.00. Following the purchase, the director owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. This represents a 69.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 37,380 shares of company stock worth $3,632,719 and sold 53,177 shares worth $17,122,166. Insiders own 8.46% of the company’s stock.

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.