Pacer Advisors Inc. Raises Position in Strategy Inc $MSTR

Pacer Advisors Inc. grew its holdings in Strategy Inc (NASDAQ:MSTR) by 39.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,290 shares of the software maker’s stock after buying an additional 13,154 shares during the quarter. Pacer Advisors Inc.’s holdings in Strategy were worth $7,034,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MSTR. Schroder Investment Management Group boosted its holdings in Strategy by 21.0% in the third 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 period. Van ECK Associates Corp increased its holdings in Strategy by 46.1% during the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock worth $65,894,000 after purchasing an additional 64,482 shares during the period. Daviman Financial LLC acquired a new stake in Strategy in the 4th quarter valued at about $1,013,000. Harvest Portfolios Group Inc. raised its position 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 in the last quarter. Finally, Legal & General Group Plc raised its position in Strategy by 7.5% in the 3rd quarter. Legal & General Group Plc now owns 1,255,770 shares of the software maker’s stock valued at $404,622,000 after purchasing an additional 87,333 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Director Jarrod Patten sold 1,500 shares of Strategy, a move that can weigh on sentiment when investors are already worried about the stock’s recent volatility and the company’s financing strategy. Article Title
• Negative Sentiment: Strategy’s preferred stock, STRC, fell to record lows, renewing fears that the company may have a harder time funding future Bitcoin purchases without more dilution or pressure on dividend obligations. Article Title
• Negative Sentiment: Multiple reports said weak STRC pricing is raising concerns about Strategy’s monthly dividend burden and whether its Bitcoin-buying engine can keep operating at the same pace. Article Title
• Negative Sentiment: Bitcoin’s broader weakness, including a large options expiry and hawkish macro fears, is adding to pressure on MSTR because the stock trades as a leveraged proxy for Bitcoin sentiment. Article Title
• Neutral Sentiment: Michael Saylor continued defending Strategy’s Bitcoin model, but his comments have not yet eased market worries about funding, leverage, and dilution. Article Title
• Neutral Sentiment: Strategy also disclosed a modest Bitcoin purchase, which supports its treasury narrative but has been overshadowed by concerns around financing and preferred-share weakness. Article Title

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BTIG Research reissued a “buy” rating and set a $350.00 price objective (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. Canaccord Genuity Group set a $163.00 target price on shares of Strategy and gave the company a “buy” rating in a report on Wednesday, June 3rd. Zacks Research downgraded shares of Strategy from a “hold” rating to a “strong sell” rating in a research note on Monday, May 18th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research note on Monday, June 15th. Finally, Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.93.

Insider Transactions at Strategy

In related news, Director Jarrod M. Patten sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $121.31, for a total value of $181,965.00. Following the completion of the sale, the director directly owned 28,406 shares of the company’s stock, valued at $3,445,931.86. This represents a 5.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phong Le sold 5,522 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total value of $683,844.48. Following the transaction, the chief executive officer owned 126,323 shares in the company, valued at $15,643,840.32. This represents a 4.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 198,264 shares of company stock valued at $25,880,124 over the last quarter. Company insiders own 6.49% of the company’s stock.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $112.53 on Monday. Strategy Inc has a 12 month low of $104.17 and a 12 month high of $457.22. The firm has a market capitalization of $39.44 billion, a P/E ratio of -2.80 and a beta of 3.50. 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 company’s fifty day moving average price is $152.69 and its 200 day moving average price is $149.88.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data 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 company had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($16.49) EPS. As a group, sell-side analysts predict that Strategy Inc will post 116.7 earnings per share for the current fiscal year.

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.