Employees Retirement System of Texas boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Employees Retirement System of Texas owned about 0.10% of Take-Two Interactive Software worth $7,338,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Engineers Gate Manager LP boosted its stake in Take-Two Interactive Software by 1,063.4% in the second quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock worth $5,565,000 after purchasing an additional 69,322 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Take-Two Interactive Software by 70.2% during the second quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock worth $2,886,000 after purchasing an additional 16,224 shares during the last quarter. Utah Retirement Systems bought a new stake in shares of Take-Two Interactive Software during the second quarter worth $1,332,000. Eqis Capital Management Inc. grew its holdings in shares of Take-Two Interactive Software by 19.6% during the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock worth $428,000 after purchasing an additional 957 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Take-Two Interactive Software by 25.5% during the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock worth $5,201,000 after purchasing an additional 17,809 shares during the last quarter. 96.69% of the stock is owned by hedge funds and other institutional investors.

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TTWO has been the subject of a number of research analyst reports. Benchmark Co. reaffirmed a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Take-Two Interactive Software in a report on Saturday, September 16th. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price objective (up previously from $96.00) on shares of Take-Two Interactive Software in a report on Wednesday, September 6th. Zacks Investment Research raised shares of Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a report on Thursday, July 27th. Cowen and Company restated a “buy” rating and issued a $83.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, September 8th. Finally, KeyCorp restated a “buy” rating and issued a $104.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $91.67.

In related news, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now directly owns 69,006 shares in the company, valued at $6,207,779.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the sale, the chief financial officer now owns 409,019 shares in the company, valued at $35,862,785.92. The disclosure for this sale can be found here. In the last three months, insiders sold 87,465 shares of company stock valued at $7,677,331. Insiders own 1.55% of the company’s stock.

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) opened at 101.4677 on Wednesday. The company has a market capitalization of $10.60 billion, a PE ratio of 59.8983 and a beta of 0.78. The stock has a 50 day moving average price of $97.74 and a 200-day moving average price of $77.81. Take-Two Interactive Software, Inc. has a 52 week low of $41.70 and a 52 week high of $103.28.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same quarter in the previous year, the company posted ($0.21) EPS. The business’s revenue was up 27.8% on a year-over-year basis. Equities research analysts expect that Take-Two Interactive Software, Inc. will post $2.20 EPS for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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