Louisiana State Employees Retirement System Raises Position in Strategy Inc $MSTR

Louisiana State Employees Retirement System grew its position in Strategy Inc (NASDAQ:MSTR) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,600 shares of the software maker’s stock after acquiring an additional 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Strategy were worth $7,519,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MSTR. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Strategy by 27.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock worth $152,452,000 after buying an additional 113,752 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Strategy during the 2nd quarter worth $37,391,000. Swedbank AB purchased a new stake in shares of Strategy during the 1st quarter worth $17,352,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Strategy by 75.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 125,650 shares of the software maker’s stock worth $50,791,000 after purchasing an additional 54,144 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Strategy in the first quarter valued at about $13,795,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Strategy in a report on Wednesday, August 13th. Canaccord Genuity Group reiterated a “buy” rating and set a $464.00 target price on shares of Strategy in a research report on Tuesday, August 26th. TD Cowen decreased their target price on Strategy from $640.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. BTIG Research boosted their target price on Strategy from $620.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Insider Buying and Selling at Strategy

In other Strategy news, CFO Andrew Kang sold 18,750 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total value of $7,406,250.00. Following the completion of the transaction, the chief financial officer directly owned 24,460 shares in the company, valued at approximately $9,661,700. The trade was a 43.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeanine Montgomery sold 43,750 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $430.54, for a total value of $18,836,125.00. Following the completion of the transaction, the chief accounting officer owned 8,606 shares of the company’s stock, valued at $3,705,227.24. This trade represents a 83.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 265,474 shares of company stock valued at $24,056,259 and have sold 119,650 shares valued at $49,799,476. 8.46% of the stock is currently owned by corporate insiders.

Strategy Trading Down 8.7%

Strategy stock opened at $328.40 on Wednesday. The stock has a market cap of $93.12 billion, a PE ratio of 28.91 and a beta of 3.83. The stock has a 50-day moving average price of $349.15 and a 200 day moving average price of $363.17. Strategy Inc has a 52 week low of $178.00 and a 52 week high of $543.00. 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) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $32.72. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm had revenue of $114.49 million during the quarter, compared to analysts’ expectations of $112.68 million. During the same quarter last year, the business posted ($5.74) EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

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.