Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,858 shares of the company’s stock after selling 855 shares during the period. Retirement Systems of Alabama’s holdings in Take-Two Interactive Software were worth $5,610,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TTWO. Nordea Investment Management AB raised its position in Take-Two Interactive Software by 130.8% in the third quarter. Nordea Investment Management AB now owns 653,346 shares of the company’s stock valued at $92,122,000 after purchasing an additional 370,229 shares during the period. Mariner LLC raised its position in Take-Two Interactive Software by 223.2% in the third quarter. Mariner LLC now owns 497,060 shares of the company’s stock valued at $69,783,000 after purchasing an additional 343,277 shares during the period. Massachusetts Financial Services Co. MA raised its position in Take-Two Interactive Software by 8.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,170,470 shares of the company’s stock valued at $585,492,000 after purchasing an additional 321,632 shares during the period. Schroder Investment Management Group increased its position in shares of Take-Two Interactive Software by 117.1% during the third quarter. Schroder Investment Management Group now owns 530,403 shares of the company’s stock worth $74,463,000 after acquiring an additional 286,076 shares during the period. Finally, Boston Partners increased its position in shares of Take-Two Interactive Software by 10.5% during the third quarter. Boston Partners now owns 2,893,303 shares of the company’s stock worth $405,792,000 after acquiring an additional 275,368 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the transaction, the director now directly owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Roth Mkm increased their target price on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a “buy” rating in a report on Friday, February 9th. JPMorgan Chase & Co. dropped their target price on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, April 19th. Finally, Oppenheimer reissued an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $177.61.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $145.88 on Monday. Take-Two Interactive Software, Inc. has a 52 week low of $119.57 and a 52 week high of $171.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50-day moving average price of $146.50 and a 200 day moving average price of $152.21.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, research analysts predict that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Take-Two Interactive Software 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.