California Public Employees Retirement System Sells 76,189 Shares of Take-Two Interactive Software, Inc. $TTWO

California Public Employees Retirement System trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.2% in the 1st quarter, HoldingsChannel reports. The fund owned 238,705 shares of the company’s stock after selling 76,189 shares during the quarter. California Public Employees Retirement System’s holdings in Take-Two Interactive Software were worth $47,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after purchasing an additional 166,661 shares in the last quarter. State Street Corp increased its stake in shares of Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after purchasing an additional 390,331 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Take-Two Interactive Software by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the period. Invesco Ltd. raised its position in shares of Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after purchasing an additional 16,758 shares during the period. Finally, Norges Bank purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $735,389,000. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 21,102 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider owned 131,668 shares in the company, valued at $28,915,609.48. The trade was a 13.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $215.22, for a total transaction of $107,610.00. Following the completion of the sale, the director owned 22,368 shares in the company, valued at approximately $4,814,040.96. The trade was a 2.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 569,936 shares of company stock valued at $128,431,438 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Up 1.0%

Take-Two Interactive Software stock opened at $238.98 on Tuesday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The firm’s 50 day moving average price is $233.74 and its 200-day moving average price is $222.37. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $44.37 billion, a P/E ratio of -147.52, a PEG ratio of 4.54 and a beta of 0.96.

Analyst Ratings Changes

TTWO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. BMO Capital Markets raised their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their price objective on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.00.

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.