Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Louisiana State Employees Retirement System

Posted by Defense World Staff on Oct 4th, 2023

Louisiana State Employees Retirement System lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,800 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Take-Two Interactive Software were worth $1,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTWO. Capital World Investors bought a new position in Take-Two Interactive Software in the 1st quarter worth approximately $513,164,000. Norges Bank acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $205,528,000. Schonfeld Strategic Advisors LLC raised its position in shares of Take-Two Interactive Software by 461.4% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 974,880 shares of the company’s stock worth $101,514,000 after buying an additional 801,214 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Take-Two Interactive Software by 34.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,493,982 shares of the company’s stock valued at $259,698,000 after acquiring an additional 645,073 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Take-Two Interactive Software by 60.0% during the fourth quarter. Macquarie Group Ltd. now owns 1,459,637 shares of the company’s stock valued at $151,992,000 after acquiring an additional 547,535 shares during the period. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Down 1.0 %

Shares of TTWO opened at $137.56 on Wednesday. The firm has a market capitalization of $23.36 billion, a price-to-earnings ratio of -18.87, a P/E/G ratio of 2.54 and a beta of 0.68. The stock’s 50-day moving average price is $142.06 and its 200 day moving average price is $135.96. Take-Two Interactive Software, Inc. has a 12-month low of $90.00 and a 12-month high of $153.84. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last posted its earnings results on Tuesday, August 8th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. Take-Two Interactive Software had a positive return on equity of 3.04% and a negative net margin of 22.17%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts predict that Take-Two Interactive Software, Inc. will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of research reports. Barclays boosted their price objective on Take-Two Interactive Software from $160.00 to $161.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. JPMorgan Chase & Co. raised their price objective on shares of Take-Two Interactive Software from $162.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, September 28th. UBS Group boosted their target price on shares of Take-Two Interactive Software from $130.00 to $151.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Roth Mkm restated a “buy” rating and set a $160.00 target price on shares of Take-Two Interactive Software in a report on Friday, September 22nd. Finally, Truist Financial reissued a “buy” rating and set a $158.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $149.15.

Check Out Our Latest Report on Take-Two Interactive Software

Take-Two Interactive Software Profile

(Free Report)

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.