State of New Jersey Common Pension Fund D Raises Holdings in Take-Two Interactive Software, Inc. $TTWO

State of New Jersey Common Pension Fund D raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.8% during the third quarter, Holdings Channel.com reports. The firm owned 63,880 shares of the company’s stock after purchasing an additional 4,642 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Take-Two Interactive Software were worth $16,504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TTWO. Vanguard Group Inc. increased its stake in shares of Take-Two Interactive Software by 4.5% during the second quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock worth $5,043,721,000 after buying an additional 903,385 shares during the period. State Street Corp lifted its stake in 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 acquiring an additional 389,321 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of 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 valued at $1,341,789,000 after purchasing an additional 166,867 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Take-Two Interactive Software by 8.9% in the 2nd 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 last quarter. Finally, Invesco Ltd. raised its holdings in shares of Take-Two Interactive Software by 17.3% in the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after purchasing an additional 515,484 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the company’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 transaction of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Trading Up 1.7%

NASDAQ TTWO opened at $193.67 on Tuesday. The firm’s fifty day moving average is $237.10 and its two-hundred day moving average is $241.74. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $35.86 billion, a PE ratio of -8.65, a P/E/G ratio of 10.34 and a beta of 0.92.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a research report on Monday, December 1st. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Morgan Stanley boosted their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $283.94.

Take-Two Interactive Software Profile

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.