Illinois Municipal Retirement Fund Has $7.49 Million Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Illinois Municipal Retirement Fund increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 101.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,513 shares of the company's stock after purchasing an additional 23,433 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Take-Two Interactive Software were worth $7,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in Take-Two Interactive Software by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company's stock worth $662,690,000 after purchasing an additional 84,633 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Take-Two Interactive Software by 8.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,170,470 shares of the company's stock worth $585,492,000 after purchasing an additional 321,632 shares during the period. Boston Partners increased its stake in Take-Two Interactive Software by 10.5% during the third quarter. Boston Partners now owns 2,893,303 shares of the company's stock worth $405,792,000 after purchasing an additional 275,368 shares during the period. Northern Trust Corp increased its stake in Take-Two Interactive Software by 2.8% during the third quarter. Northern Trust Corp now owns 1,625,005 shares of the company's stock worth $228,134,000 after purchasing an additional 44,826 shares during the period. Finally, Nordea Investment Management AB increased its stake in Take-Two Interactive Software by 8.1% during the fourth quarter. Nordea Investment Management AB now owns 706,322 shares of the company's stock worth $114,389,000 after purchasing an additional 52,976 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTWO. JPMorgan Chase & Co. cut their price target on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an "overweight" rating on the stock in a research note on Friday, February 9th. The Goldman Sachs Group boosted their price target on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, January 19th. Benchmark restated a "buy" rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research note on Friday, April 19th. Moffett Nathanson lowered shares of Take-Two Interactive Software from a "buy" rating to a "neutral" rating and cut their target price for the stock from $169.00 to $167.00 in a research note on Monday, February 5th. Finally, Jefferies Financial Group began coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They set a "buy" rating and a $195.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.61.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock traded up $1.11 during trading hours on Wednesday, hitting $142.83. The stock had a trading volume of 1,024,643 shares, compared to its average volume of 1,656,844. The firm has a market capitalization of $24.37 billion, a PE ratio of -16.65, a PEG ratio of 1.19 and a beta of 0.74. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59. The stock's 50 day moving average is $147.78 and its 200 day moving average is $152.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In related news, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares of the company's stock, valued at $12,965,462.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares of the company's stock, valued at $12,965,462.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now directly owns 63,645 shares of the company's stock, valued at $9,910,799.40. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company's stock.

Take-Two Interactive Software 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.