Public Employees Retirement System of Ohio reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,233 shares of the company’s stock after selling 442 shares during the period. Public Employees Retirement System of Ohio’s holdings in Take-Two Interactive Software were worth $192,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of Nova Scotia increased its stake in shares of Take-Two Interactive Software by 17.4% in the first quarter. Bank of Nova Scotia now owns 798,345 shares of the company’s stock valued at $47,319,000 after buying an additional 118,123 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Take-Two Interactive Software by 5,168.8% in the first quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the company’s stock valued at $162,000 after buying an additional 4,807 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in shares of Take-Two Interactive Software during the first quarter valued at $517,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Take-Two Interactive Software by 156.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 148,678 shares of the company’s stock valued at $8,812,000 after buying an additional 90,800 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Take-Two Interactive Software by 403.9% in the first quarter. Jane Street Group LLC now owns 24,666 shares of the company’s stock valued at $1,462,000 after buying an additional 19,771 shares during the last quarter. Hedge funds and other institutional investors own 97.30% of the company’s stock.

Take-Two Interactive Software, Inc. (TTWO) traded down 2.08% during midday trading on Thursday, hitting $89.08. The stock had a trading volume of 511,317 shares. The company’s 50 day moving average price is $78.17 and its 200-day moving average price is $66.68. The stock has a market cap of $9.31 billion, a PE ratio of 52.59 and a beta of 0.83. Take-Two Interactive Software, Inc. has a 52-week low of $40.63 and a 52-week high of $92.22.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million during the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) EPS. Analysts forecast that Take-Two Interactive Software, Inc. will post $2.10 EPS for the current fiscal year.

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Several analysts have weighed in on the company. MKM Partners reiterated a “buy” rating and issued a $97.00 price objective (up previously from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday. Credit Suisse Group reiterated a “neutral” rating and issued a $73.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday. Macquarie reiterated an “outperform” rating and issued a $99.00 price objective (up previously from $82.00) on shares of Take-Two Interactive Software in a research report on Wednesday. Benchmark Co. reiterated a “buy” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Take-Two Interactive Software in a research report on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $96.00 price objective (up previously from $87.00) on shares of Take-Two Interactive Software in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $85.22.

In other news, CEO Strauss Zelnick sold 35,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $78.53, for a total value of $2,748,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Dornemann sold 7,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.80, for a total value of $614,600.00. Following the completion of the transaction, the director now directly owns 9,394 shares of the company’s stock, valued at $824,793.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,840 shares of company stock valued at $12,280,114. Corporate insiders own 1.55% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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

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