State of Michigan Retirement System Buys 200 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of Michigan Retirement System grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.5% during the 1st quarter, HoldingsChannel reports. The fund owned 43,492 shares of the company’s stock after purchasing an additional 200 shares during the quarter. State of Michigan Retirement System’s holdings in Take-Two Interactive Software were worth $6,458,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TTWO. O Shaughnessy Asset Management LLC bought a new stake in Take-Two Interactive Software in the third quarter worth $410,000. Gotham Asset Management LLC lifted its holdings in shares of Take-Two Interactive Software by 2.0% during the third quarter. Gotham Asset Management LLC now owns 5,632 shares of the company’s stock valued at $791,000 after purchasing an additional 108 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Take-Two Interactive Software by 7.7% during the third quarter. Axxcess Wealth Management LLC now owns 3,423 shares of the company’s stock valued at $481,000 after purchasing an additional 245 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Take-Two Interactive Software by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock valued at $662,690,000 after purchasing an additional 84,633 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of Take-Two Interactive Software by 184.1% during the third quarter. Adage Capital Partners GP L.L.C. now owns 122,060 shares of the company’s stock valued at $17,136,000 after purchasing an additional 79,100 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 218 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the sale, the director now owns 64,173 shares in the company, valued at $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael Sheresky sold 218 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jon J. Moses sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,569 shares of company stock worth $13,909,565. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTWO shares. Roth Mkm lowered their price target on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Robert W. Baird lowered their price target on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, May 20th. Oppenheimer reaffirmed an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. HSBC cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price objective for the company. in a research report on Friday, May 17th. Finally, Bank of America upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $185.00 in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.09.

Take-Two Interactive Software Stock Performance

TTWO traded up $0.36 during midday trading on Tuesday, reaching $154.65. The company had a trading volume of 1,509,178 shares, compared to its average volume of 1,677,619. 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 1 year low of $130.34 and a 1 year high of $171.59. The business has a 50-day moving average of $153.09 and a two-hundred day moving average of $154.09. The company has a market cap of $26.50 billion, a P/E ratio of -7.02, a P/E/G ratio of 5.03 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.95 earnings per share for the current fiscal year.

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.