State of New Jersey Common Pension Fund D Decreases Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of New Jersey Common Pension Fund D cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 36.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,722 shares of the company’s stock after selling 34,849 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Take-Two Interactive Software were worth $9,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Pin Oak Investment Advisors Inc. lifted its stake in Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. ORG Partners LLC lifted its stake in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Crewe Advisors LLC lifted its stake in Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. lifted its stake in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new position in Take-Two Interactive Software in the 2nd quarter worth approximately $37,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TTWO. Stifel Nicolaus raised their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Robert W. Baird decreased their price objective on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, May 20th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, August 12th. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price target on the stock. Finally, Jefferies Financial Group upped their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $183.55.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $152.18 on Friday. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $151.73 and a 200-day moving average price of $150.99. The firm has a market cap of $26.67 billion, a PE ratio of -6.92, a price-to-earnings-growth ratio of 4.57 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. As a group, equities research analysts expect that Take-Two Interactive Software, Inc. will post 1.03 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by company insiders.

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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.