Arizona State Retirement System Has $12.97 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Arizona State Retirement System cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,658 shares of the company’s stock after selling 3,127 shares during the period. Arizona State Retirement System’s holdings in Take-Two Interactive Software were worth $12,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TTWO. Private Trust Co. NA raised its position in shares of Take-Two Interactive Software by 27.1% in the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after buying an additional 39 shares in the last quarter. Miracle Mile Advisors LLC raised its position in shares of Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after buying an additional 39 shares in the last quarter. Mather Group LLC. raised its position in shares of Take-Two Interactive Software by 2.7% in the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after buying an additional 39 shares in the last quarter. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 45 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TTWO shares. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Wells Fargo & Company dropped their price target on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Morgan Stanley lifted their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, UBS Group lifted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $284.31.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $210.75 on Friday. The firm’s fifty day moving average price is $204.69 and its two-hundred day moving average price is $229.58. The stock has a market cap of $39.03 billion, a PE ratio of -9.42, a PEG ratio of 3.13 and a beta of 0.96. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14.

Insider Activity

In other news, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following the transaction, the director owned 65,626 shares in the company, valued at approximately $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 7,946 shares of Take-Two Interactive Software stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the transaction, the chief executive officer owned 170,756 shares in the company, valued at approximately $36,569,104.96. This trade represents a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 65,292 shares of company stock valued at $13,978,938. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.