Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,993 shares of the company’s stock after selling 8,350 shares during the quarter. State of Alaska Department of Revenue’s holdings in Take-Two Interactive Software were worth $6,235,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Take-Two Interactive Software by 1.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock worth $907,000 after buying an additional 68 shares in the last quarter. Tectonic Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after acquiring an additional 69 shares in the last quarter. Drive Wealth Management LLC grew its holdings in shares of Take-Two Interactive Software by 4.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after acquiring an additional 69 shares during the period. Belpointe Asset Management LLC increased its stake in Take-Two Interactive Software by 3.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after purchasing an additional 70 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Take-Two Interactive Software by 14.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock worth $87,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group dropped their price target on Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Bank of America raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $185.00 in a research report on Thursday, May 23rd. Roth Mkm reduced their price objective on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price target on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Finally, Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $178.09.

Insider Buying and Selling

In other news, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,569 shares of company stock worth $13,909,565. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $153.50 on Thursday. Take-Two Interactive Software, Inc. has a 52 week low of $130.34 and a 52 week high of $171.59. The company’s 50-day moving average price is $153.57 and its two-hundred day moving average price is $154.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts expect that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.