Kentucky Retirement Systems Decreases Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Kentucky Retirement Systems lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,356 shares of the company’s stock after selling 610 shares during the quarter. Kentucky Retirement Systems’ holdings in Take-Two Interactive Software were worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTWO. Empirical Finance LLC increased its holdings in shares of Take-Two Interactive Software by 2.8% in the 3rd quarter. Empirical Finance LLC now owns 4,856 shares of the company’s stock valued at $746,000 after acquiring an additional 133 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Take-Two Interactive Software by 9.1% in the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after purchasing an additional 4,456 shares in the last quarter. Metis Global Partners LLC increased its stake in Take-Two Interactive Software by 5.1% in the third quarter. Metis Global Partners LLC now owns 5,853 shares of the company’s stock valued at $900,000 after purchasing an additional 285 shares during the last quarter. Huntington National Bank raised its holdings in Take-Two Interactive Software by 9.3% during the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after purchasing an additional 76 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd lifted its position in shares of Take-Two Interactive Software by 21.6% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 2,288 shares of the company’s stock worth $352,000 after buying an additional 406 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on TTWO. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Bank of America reiterated a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Robert W. Baird increased their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.70.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $182.93 on Tuesday. The stock has a market capitalization of $32.13 billion, a price-to-earnings ratio of -8.65, a PEG ratio of 5.35 and a beta of 0.85. The business’s 50 day moving average is $159.52 and its two-hundred day moving average is $155.44. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $183.36. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.45% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.