State of Alaska Department of Revenue Sells 8,350 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of Alaska Department of Revenue trimmed its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.6% during the 1st quarter, HoldingsChannel reports. The fund owned 41,993 shares of the company’s stock after selling 8,350 shares during the quarter. State of Alaska Department of Revenue’s holdings in Take-Two Interactive Software were worth $6,235,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Take-Two Interactive Software by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 423,967 shares of the company’s stock worth $62,955,000 after purchasing an additional 2,482 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Take-Two Interactive Software by 0.5% during the first quarter. State of Michigan Retirement System now owns 43,492 shares of the company’s stock valued at $6,458,000 after buying an additional 200 shares during the last quarter. Congress Wealth Management LLC DE increased its position in shares of Take-Two Interactive Software by 0.5% during the first quarter. Congress Wealth Management LLC DE now owns 76,203 shares of the company’s stock valued at $11,316,000 after acquiring an additional 396 shares in the last quarter. Roberts Wealth Advisors LLC raised its holdings in Take-Two Interactive Software by 1.7% in the 1st quarter. Roberts Wealth Advisors LLC now owns 23,730 shares of the company’s stock worth $3,448,000 after acquiring an additional 403 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its position in Take-Two Interactive Software by 127.4% in the 1st quarter. SteelPeak Wealth LLC now owns 13,788 shares of the company’s stock valued at $2,047,000 after acquiring an additional 7,725 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Down 0.7 %

TTWO stock opened at $153.50 on Thursday. The business’s 50-day moving average price is $153.57 and its 200-day moving average price is $154.05. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a twelve month low of $130.34 and a twelve month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results 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). The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. Take-Two Interactive Software’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. As a group, research analysts predict that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of research analyst reports. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $170.00 to $200.00 in a report on Monday, April 8th. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Roth Mkm lowered their price objective on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Finally, Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.09.

Insider Activity

In related news, Director Jon J. Moses sold 2,500 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares in the company, valued at $3,324,626.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jon J. Moses sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the transaction, the director now owns 21,981 shares in the company, valued at $3,324,626.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction 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 sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. Insiders have sold 93,569 shares of company stock worth $13,909,565 over the last ninety days. Corporate insiders own 1.37% of the company’s stock.

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.