Public Employees Retirement System of Ohio Raises Stock Holdings in Strategy Inc $MSTR

Key Points

• The Public Employees Retirement System of Ohio increased its ownership in Strategy Inc (NASDAQ:MSTR) by 26.7% during the second quarter, bringing its total shares to 101,880 and valuing its stake at approximately $41.2 million.
• Several hedge funds also increased their positions in Strategy, contributing to institutional investors owning 59.84% of the company's stock.
• Analyst price targets for Strategy vary significantly, with revisions ranging from a sell rating with a price target of $200 to a buy rating with a target as high as $700.

Public Employees Retirement System of Ohio grew its stake in Strategy Inc (NASDAQ:MSTR - Free Report) by 26.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,880 shares of the software maker's stock after buying an additional 21,499 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Strategy were worth $41,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SJS Investment Consulting Inc. boosted its stake in shares of Strategy by 25.8% in the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock worth $47,000 after acquiring an additional 24 shares during the period. Summit Financial LLC boosted its stake in shares of Strategy by 5.3% in the first quarter. Summit Financial LLC now owns 815 shares of the software maker's stock worth $235,000 after acquiring an additional 41 shares during the period. Rothschild Investment LLC boosted its stake in shares of Strategy by 2.3% in the first quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock worth $591,000 after acquiring an additional 46 shares during the period. Mill Creek Capital Advisors LLC boosted its stake in shares of Strategy by 2.8% in the first quarter. Mill Creek Capital Advisors LLC now owns 1,701 shares of the software maker's stock worth $490,000 after acquiring an additional 46 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of Strategy by 1.9% in the second quarter. SeaCrest Wealth Management LLC now owns 2,519 shares of the software maker's stock worth $1,018,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MSTR shares. Monness Crespi & Hardt upped their price objective on Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research note on Tuesday, July 15th. TD Cowen dropped their price objective on Strategy from $640.00 to $620.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Mizuho upped their price objective on Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a research note on Wednesday, August 13th. Finally, BTIG Research increased their price target on Strategy from $620.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $547.50.

Insiders Place Their Bets

In related news, Director Jane A. Dietze acquired 1,500 shares of the stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average cost of $90.00 per share, with a total value of $135,000.00. Following the purchase, the director directly owned 1,500 shares of the company's stock, valued at approximately $135,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $355.79, for a total value of $3,557,900.00. Following the completion of the sale, the executive vice president directly owned 12,726 shares of the company's stock, valued at $4,527,783.54. The trade was a 44.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 265,474 shares of company stock worth $24,056,259 and sold 152,150 shares worth $62,847,251. Company insiders own 8.46% of the company's stock.

Strategy Price Performance

Shares of Strategy stock opened at $323.31 on Thursday. The firm has a market cap of $91.67 billion, a PE ratio of 28.46 and a beta of 3.82. Strategy Inc has a 12 month low of $151.50 and a 12 month high of $543.00. The stock has a 50 day moving average of $364.55 and a 200 day moving average of $359.43. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $32.72. The business had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy 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.

Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strategy Inc (NASDAQ:MSTR - Free Report).

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.