Louisiana State Employees Retirement System Purchases New Stake in Take-Two Interactive Software, Inc. $TTWO

Louisiana State Employees Retirement System acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the first quarter, Holdings Channel reports. The fund acquired 21,100 shares of the company’s stock, valued at approximately $4,167,000.

Several other hedge funds also recently added to or reduced their stakes in TTWO. Norges Bank bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth about $735,389,000. AQR Capital Management LLC lifted its position in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after purchasing an additional 704,316 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after purchasing an additional 568,263 shares during the last quarter. Bessemer Group Inc. grew its stake in Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares in the last quarter. Finally, Amundi grew its stake in Take-Two Interactive Software by 35.4% in the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock worth $462,352,000 after purchasing an additional 472,383 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on TTWO. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Wells Fargo & Company lowered their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Bank of America upped their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $292.71.

Take-Two Interactive Software Trading Down 0.1%

Take-Two Interactive Software stock opened at $238.53 on Friday. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $44.29 billion, a price-to-earnings ratio of -147.24, a PEG ratio of 4.72 and a beta of 0.98. The firm has a 50-day moving average price of $223.96 and a two-hundred day moving average price of $222.67.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the sale, the president directly owned 40,358 shares in the company, valued at $8,720,960.22. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. The trade was a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 570,015 shares of company stock valued at $128,432,857. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Company 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.