Kentucky Retirement Systems Sells 76 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Kentucky Retirement Systems cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,966 shares of the company’s stock after selling 76 shares during the period. Kentucky Retirement Systems’ holdings in Take-Two Interactive Software were worth $1,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. increased its position in shares of Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after buying an additional 136 shares during the period. ORG Partners LLC boosted its position in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC raised its position in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 143 shares in the last quarter. UMB Bank n.a. raised its position in shares of Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $148.78 on Friday. The company has a fifty day moving average price of $151.94 and a 200-day moving average price of $151.10. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of -6.77, a PEG ratio of 4.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.55.

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.