Teachers Retirement System of The State of Kentucky Sells 11,400 Shares of Take-Two Interactive Software, Inc. $TTWO

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 86,927 shares of the company’s stock after selling 11,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Take-Two Interactive Software were worth $22,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TTWO. Davis R M Inc. increased its holdings in Take-Two Interactive Software by 1.8% in the third quarter. Davis R M Inc. now owns 251,305 shares of the company’s stock valued at $64,927,000 after purchasing an additional 4,529 shares during the period. Geneva Partners LLC grew its position in shares of Take-Two Interactive Software by 2.0% in the 3rd quarter. Geneva Partners LLC now owns 16,460 shares of the company’s stock valued at $4,253,000 after buying an additional 317 shares during the last quarter. River Wealth Advisors LLC grew its position in shares of Take-Two Interactive Software by 2.6% in the 3rd quarter. River Wealth Advisors LLC now owns 43,090 shares of the company’s stock valued at $11,133,000 after buying an additional 1,101 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Take-Two Interactive Software by 0.5% in the third quarter. APG Asset Management N.V. now owns 92,200 shares of the company’s stock valued at $23,821,000 after buying an additional 500 shares during the period. Finally, Huntington National Bank raised its position in shares of Take-Two Interactive Software by 14.9% during the third quarter. Huntington National Bank now owns 1,278 shares of the company’s stock worth $330,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 1.5%

NASDAQ:TTWO opened at $217.05 on Wednesday. Take-Two Interactive Software, Inc. has a 12 month low of $188.56 and a 12 month high of $264.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $40.19 billion, a price-to-earnings ratio of -9.70, a PEG ratio of 8.76 and a beta of 0.94. The firm has a fifty day simple moving average of $228.24 and a two-hundred day simple moving average of $240.02.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTWO. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective on the stock in a research note on Tuesday, February 10th. B. Riley Financial started coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target for the company. TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. 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 analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.81.

Insider Activity

In other news, insider Daniel P. Emerson sold 810 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total transaction of $172,910.70. Following the transaction, the insider directly owned 124,191 shares of the company’s stock, valued at $26,511,052.77. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $200.00, for a total value of $82,600.00. Following the completion of the transaction, the director owned 2,286 shares in the company, valued at approximately $457,200. This represents a 15.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,490 shares of company stock worth $750,049 over the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Company 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.