Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,128 shares of the company’s stock after acquiring an additional 1,867 shares during the period. Public Sector Pension Investment Board’s holdings in Take-Two Interactive Software were worth $5,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Park Square Financial Group LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $28,000. North Capital Inc. acquired a new stake in Take-Two Interactive Software during the 1st quarter valued at $35,000. Graybill Wealth Management LTD. acquired a new stake in Take-Two Interactive Software during the 1st quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new stake in Take-Two Interactive Software during the 1st quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. raised its stake in Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company’s stock valued at $38,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 216,661 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the sale, the chief executive officer directly owned 1,206,427 shares of the company’s stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the president directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 460,792 shares of company stock valued at $104,014,443. 1.34% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TTWO. Wells Fargo & Company began coverage on shares of Take-Two Interactive Software in a research note on Monday, July 28th. They set an “overweight” rating and a $265.00 target price on the stock. UBS Group upped their price target on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Robert W. Baird upped their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Wall Street Zen downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Bank of America upped their price target on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $245.60.

Take-Two Interactive Software Trading Down 0.4%

Shares of NASDAQ:TTWO opened at $232.18 on Friday. The company has a market cap of $42.83 billion, a P/E ratio of -9.70, a P/E/G ratio of 5.84 and a beta of 0.99. The stock’s 50-day moving average is $233.68 and its 200-day moving average is $220.82. Take-Two Interactive Software, Inc. has a 52-week low of $146.39 and a 52-week high of $245.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.33. The company had revenue of $1,503,800 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted ($1.52) earnings per share. Equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

About Take-Two Interactive Software

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.