State Board of Administration of Florida Retirement System Sells 2,323 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State Board of Administration of Florida Retirement System trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) by 1.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 153,307 shares of the company’s stock after selling 2,323 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Take-Two Interactive Software were worth $23,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its position in Take-Two Interactive Software by 140.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 178 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares during the last quarter. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the 1st quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its position in Take-Two Interactive Software by 40.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 230 shares of the company’s stock worth $41,000 after acquiring an additional 66 shares during the last quarter. Sageworth Trust Co of South Dakota bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $44,000. Finally, Covestor Ltd bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $59,000. 88.08% of the stock is currently owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 3,381 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $124.23, for a total value of $420,021.63. Following the completion of the transaction, the insider now owns 92,191 shares in the company, valued at $11,452,887.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel P. Emerson sold 3,381 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $124.23, for a total value of $420,021.63. Following the completion of the transaction, the insider now owns 92,191 shares in the company, valued at $11,452,887.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 3,125 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $127.78, for a total value of $399,312.50. Following the completion of the transaction, the insider now owns 95,572 shares of the company’s stock, valued at approximately $12,212,190.16. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

Take-Two Interactive Software Trading Down 0.2 %

Shares of NASDAQ:TTWO opened at $127.16 on Friday. The stock has a fifty day simple moving average of $127.08 and a two-hundred day simple moving average of $139.19. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 1.32 and a beta of 0.74. Take-Two Interactive Software, Inc. has a 12-month low of $101.85 and a 12-month high of $195.82.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last announced its quarterly earnings data on Monday, May 16th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. The business had revenue of $845.78 million during the quarter, compared to analysts’ expectations of $884.62 million. Take-Two Interactive Software had a return on equity of 12.63% and a net margin of 11.93%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 earnings per share. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 4.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTWO. UBS Group cut their price objective on Take-Two Interactive Software from $185.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Truist Financial cut their price objective on Take-Two Interactive Software from $175.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft cut their price objective on Take-Two Interactive Software from $215.00 to $200.00 in a research report on Wednesday, May 25th. JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a research report on Thursday, June 9th. They issued an “overweight” rating and a $175.00 price objective on the stock. Finally, Credit Suisse Group cut their price objective on Take-Two Interactive Software from $182.00 to $139.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.83.

Take-Two Interactive Software Profile

(Get Rating)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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