Illinois Municipal Retirement Fund Grows Stock Position in Take-Two Interactive Software, Inc. $TTWO

Illinois Municipal Retirement Fund increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,541 shares of the company’s stock after purchasing an additional 3,892 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Take-Two Interactive Software were worth $3,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at about $28,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. MV Capital Management Inc. purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. Finally, True Wealth Design LLC boosted its holdings in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after purchasing an additional 68 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $236.68 on Monday. The business has a 50 day moving average price of $233.39 and a 200 day moving average price of $222.50. The company has a market capitalization of $43.94 billion, a P/E ratio of -146.10, a PEG ratio of 4.54 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. BTIG Research reaffirmed a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. BMO Capital Markets increased their price objective on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $293.00.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total value of $84,345.02. Following the sale, the director directly owned 1,833 shares in the company, valued at $462,887.49. This represents a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 40,358 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22. Following the sale, the president owned 40,358 shares in the company, valued at approximately $8,720,960.22. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 569,936 shares of company stock valued at $128,431,438. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.