State of Michigan Retirement System Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of Michigan Retirement System cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 43,292 shares of the company’s stock after selling 300 shares during the period. State of Michigan Retirement System’s holdings in Take-Two Interactive Software were worth $6,078,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TTWO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Take-Two Interactive Software by 6.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,443 shares of the company’s stock worth $2,374,000 after buying an additional 971 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 1.8% during the first quarter. Yousif Capital Management LLC now owns 16,817 shares of the company’s stock valued at $2,585,000 after purchasing an additional 300 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at approximately $206,000. Dimensional Fund Advisors LP raised its holdings in shares of Take-Two Interactive Software by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 512,184 shares of the company’s stock valued at $78,757,000 after purchasing an additional 5,382 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Take-Two Interactive Software by 3.2% during the first quarter. Blair William & Co. IL now owns 41,602 shares of the company’s stock valued at $6,396,000 after purchasing an additional 1,289 shares during the last quarter. 89.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark boosted their price objective on shares of Take-Two Interactive Software from $156.00 to $164.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Wolfe Research assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday, December 12th. They set an “outperform” rating and a $186.00 target price for the company. Morgan Stanley upped their target price on shares of Take-Two Interactive Software from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Wedbush reaffirmed an “outperform” rating and set a $165.00 target price on shares of Take-Two Interactive Software in a report on Thursday, November 9th. Finally, Raymond James raised shares of Take-Two Interactive Software from a “market perform” rating to an “outperform” rating and set a $170.00 target price for the company in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $157.92.

View Our Latest Stock Analysis on Take-Two Interactive Software

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 244 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $156.40, for a total value of $38,161.60. Following the sale, the director now directly owns 63,905 shares in the company, valued at approximately $9,994,742. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Laverne Evans Srinivasan sold 1,905 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.37, for a total transaction of $299,789.85. Following the completion of the transaction, the director now directly owns 10,056 shares of the company’s stock, valued at approximately $1,582,512.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 244 shares of Take-Two Interactive Software stock in a transaction on Friday, November 24th. The shares were sold at an average price of $156.40, for a total transaction of $38,161.60. Following the completion of the sale, the director now directly owns 63,905 shares in the company, valued at approximately $9,994,742. The disclosure for this sale can be found here. Insiders have sold a total of 31,488 shares of company stock worth $4,966,793 in the last three months. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $161.68 on Friday. The company has a market cap of $27.50 billion, a price-to-earnings ratio of -18.06, a PEG ratio of 4.66 and a beta of 0.75. The firm’s fifty day moving average is $156.40 and its 200 day moving average is $147.61. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a 52-week low of $101.77 and a 52-week high of $164.85.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($4.22). The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Take-Two Interactive Software had a negative net margin of 27.83% and a positive return on equity of 3.32%. Take-Two Interactive Software’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. Sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 1.54 EPS for the current fiscal year.

Take-Two Interactive Software Company Profile

(Free Report)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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