Take-Two Interactive Software, Inc. $TTWO Shares Sold by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of the State of Kentucky cut its Take-Two stake by 85.2% in Q4, selling 74,096 shares and leaving 12,831 shares valued at about $3.285 million.
• Insiders have sold 65,292 shares over the last 90 days (roughly $13.98 million), while hedge funds and other institutional investors own about 95.46% of TTWO and insiders hold 1.34%.
• Analysts give Take-Two a consensus rating of Moderate Buy with an average price target of $284.31, based on a mix of 1 Strong Buy, 16 Buy, 1 Hold and 1 Sell ratings.

Teachers Retirement System of The State of Kentucky cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 85.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,831 shares of the company's stock after selling 74,096 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Take-Two Interactive Software were worth $3,285,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TTWO. Private Trust Co. NA boosted its position in shares of Take-Two Interactive Software by 27.1% during the 3rd quarter. Private Trust Co. NA now owns 183 shares of the company's stock worth $47,000 after purchasing an additional 39 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 0.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company's stock valued at $1,996,000 after purchasing an additional 39 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Take-Two Interactive Software by 2.7% in the third quarter. Mather Group LLC. now owns 1,484 shares of the company's stock valued at $383,000 after purchasing an additional 39 shares during the period. Blue Trust Inc. lifted its stake in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company's stock valued at $39,000 after purchasing an additional 45 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company's stock worth $50,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating on the stock in a research report on Monday, April 6th. Wedbush reissued an "outperform" rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Zacks Research cut Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. UBS Group raised their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $284.31.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the transaction, the director directly owned 65,626 shares in the company, valued at $12,779,350.98. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 1,698 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the completion of the sale, the insider directly owned 125,001 shares in the company, valued at approximately $26,702,713.62. The trade was a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 65,292 shares of company stock worth $13,978,938. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $213.77 on Tuesday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The stock has a market cap of $39.58 billion, a P/E ratio of -9.55, a PEG ratio of 3.15 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $205.09 and a two-hundred day moving average of $229.08.

About Take-Two Interactive Software

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.

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