Louisiana State Employees Retirement System Takes Position in Take-Two Interactive Software, Inc. $TTWO

Louisiana State Employees Retirement System bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,100 shares of the company’s stock, valued at approximately $4,167,000.

Several other large investors have also recently added to or reduced their stakes in TTWO. Contravisory Investment Management Inc. grew its holdings in Take-Two Interactive Software by 53.4% in the 1st quarter. Contravisory Investment Management Inc. now owns 4,276 shares of the company’s stock valued at $845,000 after buying an additional 1,489 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of Take-Two Interactive Software by 71.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,542 shares of the company’s stock worth $699,000 after acquiring an additional 1,478 shares during the period. Ritholtz Wealth Management boosted its position in shares of Take-Two Interactive Software by 43.9% in the first quarter. Ritholtz Wealth Management now owns 1,171 shares of the company’s stock worth $231,000 after acquiring an additional 357 shares during the last quarter. OP Asset Management Ltd purchased a new stake in Take-Two Interactive Software in the first quarter valued at approximately $5,549,000. Finally, Krilogy Financial LLC grew its holdings in Take-Two Interactive Software by 71.7% in the first quarter. Krilogy Financial LLC now owns 3,606 shares of the company’s stock valued at $771,000 after purchasing an additional 1,506 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on TTWO shares. Wells Fargo & Company dropped their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Bank of America boosted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday. BTIG Research initiated coverage on Take-Two Interactive Software in a report on Wednesday. They set a “buy” rating and a $290.00 price objective for the company. BMO Capital Markets increased their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $292.71.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $238.53 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The company’s fifty day moving average price is $223.96 and its two-hundred day moving average price is $222.67. The firm has a market capitalization of $44.29 billion, a P/E ratio of -147.24, a P/E/G ratio of 4.72 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79.

Insider Buying and Selling at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the completion of the transaction, the insider owned 113,988 shares of the company’s stock, valued at approximately $26,217,240. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 570,015 shares of company stock valued at $128,432,857. Company insiders own 1.34% of the company’s stock.

About Take-Two Interactive Software

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.