Kentucky Retirement Systems Trims Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Kentucky Retirement Systems reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,356 shares of the company’s stock after selling 610 shares during the quarter. Kentucky Retirement Systems’ holdings in Take-Two Interactive Software were worth $1,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTWO. Ninety One UK Ltd boosted its holdings in shares of Take-Two Interactive Software by 473.2% in the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after purchasing an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. grew its position in Take-Two Interactive Software by 2,224.9% during the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock valued at $160,440,000 after acquiring an additional 1,034,000 shares during the period. Point72 Asset Management L.P. increased its stake in Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after acquiring an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Take-Two Interactive Software by 1,780.1% during the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock worth $70,807,000 after buying an additional 436,150 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $182.93 on Tuesday. The stock has a market capitalization of $32.13 billion, a PE ratio of -8.65, a price-to-earnings-growth ratio of 5.35 and a beta of 0.85. The business’s fifty day moving average price is $159.52 and its 200 day moving average price is $155.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $183.36.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TTWO shares. TD Cowen raised their target price on shares of Take-Two Interactive Software from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $188.70.

Insider Activity

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.