Teachers Retirement System of The State of Kentucky Trims Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 44,985 shares of the company’s stock after selling 750 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Take-Two Interactive Software were worth $9,348,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Take-Two Interactive Software by 4.4% in the 4th quarter. BlackRock Inc. now owns 10,458,708 shares of the company’s stock worth $2,173,214,000 after buying an additional 439,944 shares during the period. Public Investment Fund purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter worth about $825,546,000. Morgan Stanley grew its position in shares of Take-Two Interactive Software by 4.6% in the 4th quarter. Morgan Stanley now owns 1,677,425 shares of the company’s stock worth $348,552,000 after buying an additional 73,220 shares during the period. Nuveen Asset Management LLC grew its position in shares of Take-Two Interactive Software by 35.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,533,470 shares of the company’s stock worth $318,640,000 after buying an additional 405,035 shares during the period. Finally, Northern Trust Corp grew its position in shares of Take-Two Interactive Software by 3.0% in the 4th quarter. Northern Trust Corp now owns 1,401,686 shares of the company’s stock worth $291,256,000 after buying an additional 40,599 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ TTWO opened at $183.65 on Thursday. Take-Two Interactive Software, Inc. has a 52 week low of $117.27 and a 52 week high of $214.91. The firm has a market capitalization of $21.15 billion, a P/E ratio of 44.47, a PEG ratio of 3.91 and a beta of 0.62. The company has a 50-day moving average price of $178.12 and a 200-day moving average price of $181.77.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Sunday, February 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.29. Take-Two Interactive Software had a net margin of 14.10% and a return on equity of 27.32%. The company had revenue of $814.30 million during the quarter, compared to analyst estimates of $752.76 million. During the same period in the prior year, the firm posted $1.63 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, analysts forecast that Take-Two Interactive Software, Inc. will post 4.26 EPS for the current fiscal year.

A number of equities analysts recently issued reports on TTWO shares. Barclays reiterated a “buy” rating and issued a $210.00 price target on shares of Take-Two Interactive Software in a research note on Monday, February 15th. Wedbush upped their price target on shares of Take-Two Interactive Software from $210.00 to $226.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Take-Two Interactive Software from $200.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, January 14th. Wells Fargo & Company upped their price target on shares of Take-Two Interactive Software from $205.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 9th. Finally, Truist upped their price target on shares of Take-Two Interactive Software from $175.00 to $220.00 in a research note on Tuesday, February 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $199.08.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes, content, and virtual currency.

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

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