Take-Two Interactive Software, Inc. (TTWO) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,854 shares of the company’s stock after selling 88 shares during the period. Teacher Retirement System of Texas’ holdings in Take-Two Interactive Software were worth $406,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Neuburgh Advisers LLC increased its position in shares of Take-Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock worth $176,000 after buying an additional 560 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $203,000. Alambic Investment Management L.P. acquired a new position in shares of Take-Two Interactive Software during the first quarter worth $206,000. Elkfork Partners LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $208,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of Take-Two Interactive Software during the first quarter worth $233,000.

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

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) traded down 0.73% during midday trading on Tuesday, reaching $73.56. 418,564 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $71.92 and a 200-day moving average of $59.62. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 102.88 and a beta of 0.66. Take-Two Interactive Software, Inc. has a one year low of $35.00 and a one year high of $80.54.

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

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

In other news, Director Michael Sheresky sold 516 shares of Take-Two Interactive Software stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total transaction of $39,566.88. Following the transaction, the director now owns 67,733 shares in the company, valued at approximately $5,193,766.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Karl Slatoff sold 387,237 shares of Take-Two Interactive Software stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $57.98, for a total transaction of $22,452,001.26. The disclosure for this sale can be found here. Insiders have sold a total of 447,077 shares of company stock worth $27,096,616 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Take-Two Interactive Software Company Profile

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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