Retirement Systems of Alabama maintained its stake in Take-Two Interactive Software Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 365,000 shares of the company’s stock at the end of the second quarter. Retirement Systems of Alabama owned 0.46% of Take-Two Interactive Software worth $13,841,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of TTWO. Aperio Group LLC boosted its stake in Take-Two Interactive Software by 23.3% in the first quarter. Aperio Group LLC now owns 16,999 shares of the company’s stock worth $640,000 after buying an additional 3,210 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Take-Two Interactive Software by 11.2% in the first quarter. TIAA CREF Investment Management LLC now owns 879,607 shares of the company’s stock worth $33,135,000 after buying an additional 88,541 shares during the period. Prudential Financial Inc. boosted its stake in Take-Two Interactive Software by 63.2% in the first quarter. Prudential Financial Inc. now owns 321,112 shares of the company’s stock worth $12,096,000 after buying an additional 124,300 shares during the period. BlackRock Japan Co. Ltd boosted its stake in Take-Two Interactive Software by 1,638.1% in the first quarter. BlackRock Japan Co. Ltd now owns 28,540 shares of the company’s stock worth $1,075,000 after buying an additional 26,898 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Take-Two Interactive Software by 959.0% in the first quarter. Canada Pension Plan Investment Board now owns 111,200 shares of the company’s stock worth $4,189,000 after buying an additional 100,700 shares during the period.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) traded down 0.20% during midday trading on Friday, reaching $45.08. The company had a trading volume of 1,443,231 shares. The company has a market capitalization of $3.81 billion, a P/E ratio of 187.83 and a beta of 1.09. The company’s 50 day moving average is $43.71 and its 200-day moving average is $39.17. Take-Two Interactive Software Inc. has a 52-week low of $29.08 and a 52-week high of $46.78.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.08. The firm had revenue of $311.60 million for the quarter, compared to analyst estimates of $258.46 million. Take-Two Interactive Software had a net margin of 1.39% and a return on equity of 20.92%. Take-Two Interactive Software’s quarterly revenue was down 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. Equities analysts expect that Take-Two Interactive Software Inc. will post $1.22 earnings per share for the current fiscal year.
TTWO has been the topic of a number of research analyst reports. Pacific Crest reiterated a “hold” rating on shares of Take-Two Interactive Software in a research report on Saturday, June 4th. Jefferies Group reiterated a “buy” rating and set a $45.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 27th. Stifel Nicolaus reiterated a “buy” rating and set a $41.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, July 12th. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, July 20th. Finally, Piper Jaffray Cos. lifted their target price on Take-Two Interactive Software from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $43.54.
In related news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $41.17, for a total transaction of $2,058,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.