Illinois Municipal Retirement Fund Acquires 23,433 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Illinois Municipal Retirement Fund grew its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 101.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,513 shares of the company’s stock after purchasing an additional 23,433 shares during the period. 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.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Take-Two Interactive Software by 192.4% in the third quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock worth $8,811,000 after purchasing an additional 41,297 shares during the period. Laurion Capital Management LP acquired a new stake in shares of Take-Two Interactive Software during the third quarter worth $17,169,000. United Asset Strategies Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $1,527,000. Rheos Capital Works Inc. raised its holdings in shares of Take-Two Interactive Software by 380.3% during the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock worth $38,419,000 after acquiring an additional 189,000 shares during the period. Finally, Caxton Associates LP raised its holdings in shares of Take-Two Interactive Software by 4,029.8% during the third quarter. Caxton Associates LP now owns 70,000 shares of the company’s stock worth $9,827,000 after acquiring an additional 68,305 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Roth Mkm raised their price objective on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lowered 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. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, April 17th. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their price target for the company from $169.00 to $167.00 in a research note on Monday, February 5th. Finally, BMO Capital Markets began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Insider Activity

In related news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction 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 company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the transaction, the director now 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 Price Performance

Shares of NASDAQ:TTWO opened at $141.72 on Wednesday. The firm has a 50 day moving average of $148.03 and a 200-day moving average of $152.27. The stock has a market capitalization of $24.18 billion, a PE ratio of -16.52, a PEG ratio of 1.19 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a 12 month low of $119.57 and a 12 month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, February 8th. The company reported $0.30 EPS 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%. On average, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

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.