Kentucky Retirement Systems Insurance Trust Fund Reduces Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Kentucky Retirement Systems Insurance Trust Fund cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,826 shares of the company’s stock after selling 296 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Take-Two Interactive Software were worth $742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empirical Finance LLC grew its stake in Take-Two Interactive Software by 2.8% during the third quarter. Empirical Finance LLC now owns 4,856 shares of the company’s stock valued at $746,000 after acquiring an additional 133 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Take-Two Interactive Software by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after purchasing an additional 4,456 shares during the period. Metis Global Partners LLC grew its position in shares of Take-Two Interactive Software by 5.1% during the 3rd quarter. Metis Global Partners LLC now owns 5,853 shares of the company’s stock valued at $900,000 after purchasing an additional 285 shares in the last quarter. Huntington National Bank increased its holdings in shares of Take-Two Interactive Software by 9.3% in the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after purchasing an additional 76 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Take-Two Interactive Software by 21.6% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 2,288 shares of the company’s stock worth $352,000 after purchasing an additional 406 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Up 3.0 %

Shares of TTWO opened at $182.93 on Tuesday. The stock has a market capitalization of $32.13 billion, a P/E ratio of -8.65, a PEG ratio of 5.35 and a beta of 0.85. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $183.36. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $159.52 and a two-hundred day simple moving average of $155.44.

Insider Activity

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of several recent analyst reports. Oppenheimer boosted their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Monday, August 12th. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $188.70.

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.