California State Teachers Retirement System Has $82.77 Million Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

California State Teachers Retirement System boosted its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,785 shares of the software maker's stock after acquiring an additional 32,191 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Strategy worth $82,769,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Norges Bank acquired a new stake in Strategy in the fourth quarter valued at $523,981,000. Northern Trust Corp boosted its stake in Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after acquiring an additional 210,997 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Finally, Amundi increased its position in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao acquired 500 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jarrod M. Patten sold 3,100 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $365.33, for a total value of $1,132,523.00. Following the transaction, the director now directly owns 4,970 shares of the company's stock, valued at $1,815,690.10. This represents a 38.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 37,798 shares worth $12,535,866. 9.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Compass Point upgraded Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Cantor Fitzgerald boosted their price target on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. Finally, HC Wainwright began coverage on shares of Strategy in a research report on Tuesday. They issued a "buy" rating and a $480.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Strategy currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.33.

Strategy Stock Performance

MSTR stock traded up $12.77 on Friday, reaching $394.37. The company's stock had a trading volume of 15,899,263 shares, compared to its average volume of 18,029,235. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $101.49 billion, a P/E ratio of -70.01 and a beta of 3.79. The firm has a fifty day moving average of $304.20 and a two-hundred day moving average of $321.93.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same period in the previous year, the company posted ($0.83) EPS. The company's revenue for the quarter was down 3.6% compared to the same quarter last year.

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.