State of Michigan Retirement System Has $8.15 Million Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of Michigan Retirement System lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,292 shares of the company’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in Take-Two Interactive Software were worth $8,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $27,000. Truvestments Capital LLC acquired a new position in Take-Two Interactive Software during the third quarter valued at approximately $31,000. Versant Capital Management Inc grew its stake in Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock valued at $34,000 after purchasing an additional 87 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in Take-Two Interactive Software by 69.3% in the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after purchasing an additional 115 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $46,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $175.00 to $230.00 in a report on Monday, January 27th. Stifel Nicolaus lifted their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. DA Davidson began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. Moffett Nathanson raised their target price on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $213.38.

Take-Two Interactive Software Stock Up 3.0 %

NASDAQ TTWO opened at $214.81 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a market cap of $37.91 billion, a price-to-earnings ratio of -10.07, a PEG ratio of 6.83 and a beta of 0.89. The company has a 50 day moving average of $194.22 and a 200-day moving average of $176.54. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $218.75.

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.