Take-Two Interactive Software, Inc. (TTWO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,388 shares of the company’s stock after selling 25,741 shares during the period. New York State Teachers Retirement System’s holdings in Take-Two Interactive Software were worth $10,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Take-Two Interactive Software during the first quarter valued at $114,000. Neuburgh Advisers LLC increased its position in Take-Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock valued at $176,000 after buying an additional 560 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Take-Two Interactive Software during the fourth quarter valued at $203,000. Finally, Alambic Investment Management L.P. acquired a new position in Take-Two Interactive Software during the first quarter valued at $206,000.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (TTWO) traded down 0.03% during trading on Friday, reaching $73.99. 243,964 shares of the company traded hands. The company’s 50-day moving average price is $71.28 and its 200 day moving average price is $59.10. Take-Two Interactive Software, Inc. has a 52 week low of $35.00 and a 52 week high of $80.54. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 103.48 and a beta of 0.66.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Tuesday, May 23rd. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. The business had revenue of $407.20 million during the quarter, compared to analyst estimates of $354.10 million. During the same quarter in the previous year, the firm earned $0.46 EPS. Take-Two Interactive Software’s revenue was up 18.9% on a year-over-year basis. On average, equities research analysts expect that Take-Two Interactive Software, Inc. will post $1.68 EPS for the current year.

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TTWO has been the topic of several research reports. Benchmark Co. restated a “buy” rating and set a $85.00 price objective (up previously from $77.00) on shares of Take-Two Interactive Software in a report on Wednesday, May 24th. Jefferies Group LLC restated a “buy” rating and set a $65.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. MKM Partners restated a “buy” rating and set a $80.00 price objective (up previously from $63.00) on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. Stifel Nicolaus restated a “buy” rating and set a $74.00 price objective (up previously from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. Finally, Bank of America Corporation upped their price objective on shares of Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $72.41.

In other Take-Two Interactive Software news, President Karl Slatoff sold 387,237 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $57.98, for a total transaction of $22,452,001.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel P. Emerson sold 5,884 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $451,185.12. Following the sale, the vice president now owns 117,019 shares of the company’s stock, valued at $8,973,016.92. The disclosure for this sale can be found here. In the last three months, insiders sold 447,077 shares of company stock valued at $27,096,616. 2.50% of the stock is owned by insiders.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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