Teachers Retirement System of The State of Kentucky Invests $8.49 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,856 shares of the company’s stock, valued at approximately $8,486,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Industrial Alliance Investment Management Inc. lifted its position in Take-Two Interactive Software by 22.3% during the third quarter. Industrial Alliance Investment Management Inc. now owns 197,140 shares of the company’s stock valued at $21,488,000 after purchasing an additional 35,990 shares during the period. National Pension Service lifted its position in Take-Two Interactive Software by 23.9% during the third quarter. National Pension Service now owns 240,786 shares of the company’s stock valued at $26,145,000 after purchasing an additional 46,481 shares during the period. Glenmede Trust Co. NA lifted its position in Take-Two Interactive Software by 5.8% during the third quarter. Glenmede Trust Co. NA now owns 3,017 shares of the company’s stock valued at $328,000 after purchasing an additional 165 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Take-Two Interactive Software by 4.0% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,615 shares of the company’s stock valued at $612,000 after purchasing an additional 214 shares during the period. Finally, Kentucky Retirement Systems lifted its position in Take-Two Interactive Software by 4.5% during the third quarter. Kentucky Retirement Systems now owns 12,265 shares of the company’s stock valued at $1,337,000 after purchasing an additional 532 shares during the period. Institutional investors own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTWO. Benchmark lowered their price objective on shares of Take-Two Interactive Software from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, February 7th. Moffett Nathanson upgraded shares of Take-Two Interactive Software from a “market perform” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Friday, January 27th. BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Wedbush decreased their price target on shares of Take-Two Interactive Software from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 7th. Finally, Credit Suisse Group increased their price target on shares of Take-Two Interactive Software from $122.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $138.88.

Take-Two Interactive Software Stock Performance

TTWO opened at $115.55 on Friday. The stock has a market capitalization of $19.49 billion, a price-to-earnings ratio of -51.13, a PEG ratio of 2.95 and a beta of 0.70. The company has a fifty day moving average of $110.43 and a 200 day moving average of $110.87. Take-Two Interactive Software, Inc. has a fifty-two week low of $90.00 and a fifty-two week high of $159.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its earnings results on Monday, February 6th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.88 by ($1.79). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Take-Two Interactive Software had a negative net margin of 8.35% and a positive return on equity of 4.37%. The business’s revenue was up 59.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 earnings per share. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 2.29 earnings per share for the current fiscal year.

About Take-Two Interactive Software

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Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.