Public Employees Retirement System of Ohio Buys 3,099 Shares of Strategy Incorporated (NASDAQ:MSTR)

Public Employees Retirement System of Ohio boosted its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,981 shares of the software maker's stock after purchasing an additional 3,099 shares during the period. Public Employees Retirement System of Ohio's holdings in Strategy were worth $17,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSTR. Riverview Trust Co bought a new position in Strategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new position in Strategy in the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC raised its position in Strategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares during the period. Dunhill Financial LLC bought a new position in Strategy in the fourth quarter worth approximately $26,000. Finally, Parkside Financial Bank & Trust raised its position in Strategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares during the period. Institutional investors own 59.84% of the company's stock.

Insider Activity at Strategy

In related news, Director Jarrod M. Patten sold 1,100 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the transaction, the director now directly owns 9,170 shares of the company's stock, valued at approximately $3,915,590. This trade represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 46,836 shares valued at $16,214,791. 9.16% of the stock is currently owned by corporate insiders.

Strategy Stock Performance

MSTR opened at $369.51 on Friday. The stock has a market capitalization of $101.03 billion, a price-to-earnings ratio of -65.60 and a beta of 3.79. The company has a fifty day moving average of $343.24 and a 200 day moving average of $340.60. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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

Wall Street Analyst Weigh In

MSTR has been the topic of several recent research reports. Canaccord Genuity Group reiterated a "buy" rating on shares of Strategy in a research report on Monday, May 19th. BTIG Research reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Maxim Group increased their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, UBS Group reissued a "buy" rating on shares of Strategy in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Strategy has an average rating of "Moderate Buy" and an average price target of $514.42.

About Strategy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.