Profund Advisors LLC cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,207 shares of the company’s stock after selling 472 shares during the quarter. Profund Advisors LLC’s holdings in Take-Two Interactive Software were worth $339,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Oak Grove Capital LLC lifted its holdings in Take-Two Interactive Software by 19.4% in the first quarter. Oak Grove Capital LLC now owns 128,592 shares of the company’s stock valued at $19,770,000 after acquiring an additional 20,913 shares during the period. AGF Investments LLC purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at approximately $791,000. MAI Capital Management increased its position in shares of Take-Two Interactive Software by 7.1% in the first quarter. MAI Capital Management now owns 4,872 shares of the company’s stock valued at $749,000 after buying an additional 322 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Take-Two Interactive Software by 36.9% in the first quarter. Meeder Asset Management Inc. now owns 627 shares of the company’s stock valued at $96,000 after buying an additional 169 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Take-Two Interactive Software by 7.7% in the first quarter. Treasurer of the State of North Carolina now owns 51,286 shares of the company’s stock valued at $7,885,000 after buying an additional 3,653 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.
Take-Two Interactive Software Stock Performance
Shares of Take-Two Interactive Software stock opened at $127.47 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $101.85 and a 52 week high of $195.82. The business’s fifty day simple moving average is $126.99 and its 200-day simple moving average is $135.24. The firm has a market cap of $14.76 billion, a PE ratio of 83.86, a price-to-earnings-growth ratio of 1.56 and a beta of 0.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.30.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its 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). Take-Two Interactive Software had a return on equity of 8.21% and a net margin of 4.26%. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.70 EPS. Take-Two Interactive Software’s revenue was up 40.6% on a year-over-year basis. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 4.34 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on TTWO shares. Cowen cut their price objective on Take-Two Interactive Software to $185.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. Morgan Stanley cut their price objective on Take-Two Interactive Software from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Robert W. Baird dropped their price target on Take-Two Interactive Software from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. DZ Bank cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a research report on Wednesday, August 10th. Finally, Wedbush boosted their price target on Take-Two Interactive Software from $145.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.32.
Insider Buying and Selling
In related news, insider Daniel P. Emerson sold 3,125 shares of the stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $127.78, for a total transaction of $399,312.50. Following the transaction, the insider now owns 95,572 shares of the company’s stock, valued at approximately $12,212,190.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,381 shares of the stock in a transaction dated Wednesday, June 15th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel P. Emerson sold 3,125 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $127.78, for a total value of $399,312.50. Following the completion of the sale, the insider now directly owns 95,572 shares in the company, valued at approximately $12,212,190.16. The disclosure for this sale can be found here. 1.13% of the stock is owned by corporate insiders.
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 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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