Teachers Retirement System of The State of Kentucky Sells 24,244 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 18.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,123 shares of the company's stock after selling 24,244 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Take-Two Interactive Software worth $22,200,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in shares of Take-Two Interactive Software by 12,150.7% in the 1st quarter. IFP Advisors Inc now owns 8,698 shares of the company's stock valued at $1,803,000 after acquiring an additional 8,627 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in Take-Two Interactive Software by 69.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,263 shares of the company's stock worth $469,000 after purchasing an additional 925 shares in the last quarter. Private Advisor Group LLC boosted its position in Take-Two Interactive Software by 137.7% in the 1st quarter. Private Advisor Group LLC now owns 3,062 shares of the company's stock worth $635,000 after purchasing an additional 1,774 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Take-Two Interactive Software by 2.2% in the 1st quarter. Verdence Capital Advisors LLC now owns 24,631 shares of the company's stock worth $5,105,000 after purchasing an additional 535 shares in the last quarter. Finally, Triasima Portfolio Management inc. purchased a new stake in Take-Two Interactive Software in the 1st quarter worth approximately $772,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the chief executive officer directly owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the sale, the director owned 3,290 shares of the company's stock, valued at $782,362. This represents a 11.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock valued at $104,014,443 over the last ninety days. 1.45% of the stock is owned by insiders.

Take-Two Interactive Software Stock Down 0.3%

NASDAQ TTWO traded down $0.71 on Thursday, reaching $228.02. The stock had a trading volume of 321,729 shares, compared to its average volume of 2,033,156. The business has a 50 day moving average price of $234.54 and a 200 day moving average price of $215.58. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $245.07. The company has a market capitalization of $40.46 billion, a price-to-earnings ratio of -8.98, a P/E/G ratio of 6.01 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTWO. Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Wedbush upgraded shares of Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. Robert W. Baird raised their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $236.00 target price (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $232.50.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.