IndexIQ Advisors LLC decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 88.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,116 shares of the company’s stock after selling 16,347 shares during the quarter. IndexIQ Advisors LLC’s holdings in Take-Two Interactive Software were worth $325,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. River & Mercantile Asset Management LLP lifted its holdings in shares of Take-Two Interactive Software by 0.7% in the fourth quarter. River & Mercantile Asset Management LLP now owns 9,250 shares of the company’s stock valued at $1,644,000 after buying an additional 60 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Take-Two Interactive Software by 40.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 230 shares of the company’s stock valued at $41,000 after buying an additional 66 shares during the period. Oder Investment Management LLC lifted its holdings in shares of Take-Two Interactive Software by 1.2% in the fourth quarter. Oder Investment Management LLC now owns 6,949 shares of the company’s stock valued at $1,235,000 after buying an additional 80 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in shares of Take-Two Interactive Software by 11.3% in the fourth quarter. Prestige Wealth Management Group LLC now owns 786 shares of the company’s stock valued at $140,000 after buying an additional 80 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its holdings in shares of Take-Two Interactive Software by 3.0% in the first quarter. NorthCrest Asset Manangement LLC now owns 2,760 shares of the company’s stock valued at $424,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.
Insider Transactions at Take-Two Interactive Software
In other news, insider Daniel P. Emerson sold 3,381 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $124.23, for a total transaction of $420,021.63. Following the completion of the sale, the insider now owns 92,191 shares in the company, valued at approximately $11,452,887.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Daniel P. Emerson sold 3,125 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $127.78, for a total transaction of $399,312.50. Following the completion of the sale, the insider now owns 95,572 shares in the company, valued at approximately $12,212,190.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 3,381 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $124.23, for a total value of $420,021.63. Following the sale, the insider now owns 92,191 shares of the company’s stock, valued at approximately $11,452,887.93. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
TTWO has been the subject of several research analyst reports. Cowen cut their price objective on Take-Two Interactive Software to $185.00 and set a “na” rating for the company in a report on Tuesday, May 17th. DZ Bank downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $135.00 target price for the company. in a report on Wednesday. Oppenheimer reduced their target price on Take-Two Interactive Software from $190.00 to $180.00 in a report on Tuesday. Wedbush upped their target price on Take-Two Interactive Software from $145.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, June 8th. Finally, Stifel Nicolaus reduced their target price on Take-Two Interactive Software from $195.00 to $180.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.08.
Take-Two Interactive Software Stock Performance
TTWO opened at $120.67 on Friday. The company has a market cap of $13.97 billion, a PE ratio of 79.39, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. The stock has a 50-day moving average of $126.81 and a 200-day moving average of $138.03. Take-Two Interactive Software, Inc. has a 52-week low of $101.85 and a 52-week high of $195.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.83 and a current ratio of 0.92.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($1.60). The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.11 billion. Take-Two Interactive Software had a return on equity of 8.27% and a net margin of 4.26%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. As a group, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 4.46 earnings per share for the current fiscal year.
About Take-Two Interactive Software
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 T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.
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