State of Michigan Retirement System Acquires 200 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of Michigan Retirement System grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,492 shares of the company’s stock after buying an additional 200 shares during the period. State of Michigan Retirement System’s holdings in Take-Two Interactive Software were worth $6,458,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTWO. Norges Bank bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $350,811,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Take-Two Interactive Software by 12.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after buying an additional 521,456 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Take-Two Interactive Software by 269.8% during the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock worth $79,699,000 after buying an additional 361,273 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Take-Two Interactive Software by 117.1% during the 3rd quarter. Schroder Investment Management Group now owns 530,403 shares of the company’s stock worth $74,463,000 after buying an additional 286,076 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Take-Two Interactive Software by 421.0% in the 4th quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock worth $52,632,000 after purchasing an additional 264,244 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the sale, the director now owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now owns 64,173 shares in the company, valued at approximately $10,724,591.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the transaction, the director now owns 21,981 shares of the company’s stock, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,569 shares of company stock valued at $13,909,565. 1.37% of the stock is owned by insiders.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock traded up $0.36 during trading hours on Tuesday, hitting $154.65. 1,509,178 shares of the company’s stock traded hands, compared to its average volume of 1,677,619. Take-Two Interactive Software, Inc. has a 12-month low of $130.34 and a 12-month high of $171.59. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of -7.02, a PEG ratio of 5.03 and a beta of 0.84. The company has a fifty day simple moving average of $153.09 and a 200-day simple moving average of $154.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business posted $0.47 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTWO. Bank of America upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their target price for the stock from $160.00 to $185.00 in a report on Thursday, May 23rd. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, May 17th. Oppenheimer reiterated an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price on shares of Take-Two Interactive Software in a report on Monday, April 1st. Finally, Jefferies Financial Group cut their target price on Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.09.

Take-Two Interactive Software Company Profile

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.