South Dakota Investment Council Sells 400 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

South Dakota Investment Council lowered its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,709 shares of the company’s stock after selling 400 shares during the period. South Dakota Investment Council’s holdings in Take-Two Interactive Software were worth $561,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Kestra Private Wealth Services LLC raised its stake in Take-Two Interactive Software by 69.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,263 shares of the company’s stock valued at $469,000 after buying an additional 925 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Take-Two Interactive Software by 137.7% during the 1st quarter. Private Advisor Group LLC now owns 3,062 shares of the company’s stock valued at $635,000 after purchasing an additional 1,774 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 2.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 24,631 shares of the company’s stock valued at $5,105,000 after purchasing an additional 535 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Take-Two Interactive Software during the 1st quarter valued at about $772,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company’s stock valued at $38,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $231.63 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $41.10 billion, a P/E ratio of -9.12, a P/E/G ratio of 6.02 and a beta of 1.03. The firm has a 50 day simple moving average of $234.34 and a 200 day simple moving average of $215.17. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $245.08.

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the sale, the director owned 3,290 shares of the company’s stock, valued at $782,362. The trade was a 11.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Karl Slatoff sold 216,661 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the transaction, the president owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 460,792 shares of company stock worth $104,014,443. 1.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTWO. Raymond James Financial reaffirmed an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Robert W. Baird lifted their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Finally, Morgan Stanley lifted their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.25.

About Take-Two Interactive Software

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.