Retirement Systems of Alabama Increases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Retirement Systems of Alabama boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.9% during the third quarter, Holdings Channel.com reports. The firm owned 35,707 shares of the company’s stock after purchasing an additional 679 shares during the quarter. Retirement Systems of Alabama’s holdings in Take-Two Interactive Software were worth $5,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Take-Two Interactive Software by 8.8% in the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after buying an additional 880,816 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after purchasing an additional 666,198 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Take-Two Interactive Software by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock worth $651,817,000 after purchasing an additional 417,325 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Take-Two Interactive Software by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock worth $614,511,000 after buying an additional 134,767 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $181.90 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $191.91. The stock’s 50-day moving average price is $175.02 and its 200-day moving average price is $161.04. The stock has a market capitalization of $31.95 billion, a PE ratio of -8.60, a price-to-earnings-growth ratio of 5.76 and a beta of 0.89.

Analyst Ratings Changes

TTWO has been the subject of several recent analyst reports. UBS Group raised their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Roth Mkm raised their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Robert W. Baird upped their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price target on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $197.58.

Take-Two Interactive Software Profile

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.