State of New Jersey Common Pension Fund D Acquires 2,244 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of New Jersey Common Pension Fund D raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,966 shares of the company’s stock after purchasing an additional 2,244 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Take-Two Interactive Software were worth $11,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Take-Two Interactive Software by 8.8% during the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after acquiring an additional 880,816 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Take-Two Interactive Software by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock worth $651,817,000 after purchasing an additional 417,325 shares in the last quarter. Geode Capital Management LLC grew its position in Take-Two Interactive Software by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock worth $614,511,000 after purchasing an additional 134,767 shares during the last quarter. Finally, Ninety One UK Ltd increased its stake in Take-Two Interactive Software by 1.4% during the 4th quarter. Ninety One UK Ltd now owns 1,522,111 shares of the company’s stock valued at $280,190,000 after purchasing an additional 21,470 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TTWO shares. Stifel Nicolaus lifted their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. TD Cowen boosted their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group increased their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 7th. UBS Group raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $175.00 to $230.00 in a report on Monday, January 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $208.76 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $215.84. The stock’s 50-day moving average price is $188.49 and its 200-day moving average price is $171.27. The stock has a market capitalization of $36.66 billion, a PE ratio of -9.79, a price-to-earnings-growth ratio of 5.68 and a beta of 0.89.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.45% of the stock is currently owned by company insiders.

About Take-Two Interactive Software

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.