Police & Firemen s Retirement System of New Jersey Purchases 4,304 Shares of Strategy Inc $MSTR

Police & Firemen s Retirement System of New Jersey grew its holdings in Strategy Inc (NASDAQ:MSTR) by 12.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,932 shares of the software maker’s stock after acquiring an additional 4,304 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Strategy were worth $15,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Forsta AP Fonden lifted its holdings in shares of Strategy by 10.5% during the 2nd quarter. Forsta AP Fonden now owns 50,400 shares of the software maker’s stock worth $20,373,000 after acquiring an additional 4,800 shares during the period. KBC Group NV grew its holdings in shares of Strategy by 20.4% in the 2nd quarter. KBC Group NV now owns 114,376 shares of the software maker’s stock worth $46,234,000 after purchasing an additional 19,383 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Strategy by 5.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 106,793 shares of the software maker’s stock worth $43,169,000 after buying an additional 5,566 shares in the last quarter. National Pension Service increased its holdings in shares of Strategy by 75.0% during the second quarter. National Pension Service now owns 507,093 shares of the software maker’s stock worth $204,982,000 after buying an additional 217,358 shares in the last quarter. Finally, Verus Capital Partners LLC raised its stake in shares of Strategy by 82.9% in the second quarter. Verus Capital Partners LLC now owns 7,871 shares of the software maker’s stock valued at $3,182,000 after acquiring an additional 3,567 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Monness Crespi & Hardt upgraded Strategy from a “sell” rating to a “neutral” rating in a research report on Monday. Mizuho increased their target price on Strategy from $563.00 to $586.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Citigroup assumed coverage on shares of Strategy in a research report on Tuesday, October 21st. They issued a “buy” rating and a $485.00 price objective for the company. China Renaissance began coverage on shares of Strategy in a research note on Wednesday, October 15th. They issued a “buy” rating and a $473.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $485.80.

Insiders Place Their Bets

In other Strategy news, Director Jarrod M. Patten purchased 12,000 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were bought at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the transaction, the director directly owned 29,335 shares in the company, valued at $2,841,974.80. This trade represents a 69.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total value of $10,721,100.00. Following the completion of the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. This represents a 70.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 36,399 shares of company stock valued at $3,539,220. 8.46% of the stock is owned by corporate insiders.

Strategy Stock Down 2.9%

Shares of Strategy stock opened at $224.61 on Thursday. The business has a fifty day simple moving average of $303.70 and a 200 day simple moving average of $358.08. The stock has a market cap of $64.54 billion, a PE ratio of 19.77 and a beta of 3.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a 12 month low of $219.68 and a 12 month high of $543.00.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, beating analysts’ consensus estimates of $7.90 by $0.52. The company had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $116.76 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.Strategy’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted ($1.56) 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.