Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,541 shares of the company’s stock after buying an additional 3,892 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Take-Two Interactive Software were worth $3,267,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LBP AM SA grew its holdings in Take-Two Interactive Software by 298.2% in the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after buying an additional 48,384 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after acquiring an additional 4,920 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Take-Two Interactive Software by 45.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after acquiring an additional 14,050 shares during the period. Fiera Capital Corp boosted its position in shares of Take-Two Interactive Software by 33.9% in the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after acquiring an additional 16,314 shares during the last quarter. Finally, Swedbank AB boosted its position in shares of Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after acquiring an additional 9,556 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $236.68 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The stock has a market capitalization of $43.94 billion, a P/E ratio of -146.10, a PEG ratio of 4.54 and a beta of 0.96. The stock has a 50-day simple moving average of $233.39 and a 200-day simple moving average of $222.50.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 569,936 shares of company stock valued at $128,431,438 over the last quarter. 1.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTWO. BMO Capital Markets boosted their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. BTIG Research reissued a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. Finally, Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $293.00.

Take-Two Interactive Software 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.