Teacher Retirement System of Texas Decreases Stake in Take-Two Interactive Software, Inc. $TTWO

Teacher Retirement System of Texas lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,952 shares of the company’s stock after selling 2,844 shares during the quarter. Teacher Retirement System of Texas’ holdings in Take-Two Interactive Software were worth $6,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Take-Two Interactive Software by 21.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock valued at $72,317,000 after buying an additional 52,524 shares during the period. Ninety One UK Ltd grew its holdings in Take-Two Interactive Software by 22.8% during the second quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock valued at $437,514,000 after purchasing an additional 334,946 shares during the period. Rakuten Investment Management Inc. purchased a new stake in Take-Two Interactive Software in the third quarter worth $10,948,000. Perigon Wealth Management LLC raised its stake in shares of Take-Two Interactive Software by 79.2% in the second quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock valued at $547,000 after buying an additional 995 shares during the period. Finally, Swiss National Bank lifted its position in shares of Take-Two Interactive Software by 7.9% during the 2nd quarter. Swiss National Bank now owns 534,308 shares of the company’s stock valued at $129,757,000 after buying an additional 38,900 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Trading Down 0.0%

Shares of TTWO stock opened at $245.63 on Tuesday. The company has a market capitalization of $45.39 billion, a PE ratio of -10.87, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 52-week low of $181.86 and a 52-week high of $264.79. The business’s fifty day moving average is $246.69 and its 200 day moving average is $243.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business earned ($2.08) earnings per share. The firm’s revenue was up 33.3% on a year-over-year basis. On average, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TTWO shares. DA Davidson boosted their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. UBS Group downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.68.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the sale, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This represents a 14.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,010 shares of company stock worth $242,102. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.