Teacher Retirement System of Texas Sells 2,844 Shares of Take-Two Interactive Software, Inc. $TTWO

Teacher Retirement System of Texas lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,952 shares of the company’s stock after selling 2,844 shares during the quarter. Teacher Retirement System of Texas’ holdings in Take-Two Interactive Software were worth $6,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Take-Two Interactive Software by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after purchasing an additional 903,385 shares during the last quarter. State Street Corp increased its holdings in shares of Take-Two Interactive Software by 3.8% in the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock worth $2,570,084,000 after buying an additional 389,321 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Take-Two Interactive Software by 3.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock worth $1,341,789,000 after purchasing an additional 166,867 shares during the period. Geode Capital Management LLC boosted its stake in shares of Take-Two Interactive Software by 8.9% during the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock valued at $1,124,088,000 after purchasing an additional 378,371 shares during the period. Finally, Invesco Ltd. raised its holdings in Take-Two Interactive Software by 17.3% during the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after buying an additional 515,484 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the transaction, the director owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares in the company, valued at approximately $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,010 shares of company stock valued at $242,102. 1.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on TTWO. Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Morgan Stanley increased their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Wells Fargo & Company raised their price target on Take-Two Interactive Software from $277.00 to $288.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, DA Davidson lifted their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $272.68.

Take-Two Interactive Software Stock Down 0.0%

Shares of NASDAQ:TTWO opened at $245.63 on Tuesday. The firm has a market capitalization of $45.39 billion, a P/E ratio of -10.87, a P/E/G ratio of 3.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $246.69 and a 200-day moving average price of $243.73. Take-Two Interactive Software, Inc. has a 52-week low of $181.86 and a 52-week high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.08) earnings per share. As a group, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

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.