Empowered Funds LLC reduced its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – free report) by 89.1% in the first quarter, according to the latest SEC filing. The company sold 18,631 shares during the quarter and now holds 2,289 shares. Empowered Funds LLC’s holdings in Take-Two Interactive Software were worth $340,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares in the company. CVA Family Office LLC acquired a new stake in Take-Two Interactive Software during the fourth quarter, valued at approximately $25,000. MCF Advisors LLC increased its holdings in Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock, acquiring an additional 151 shares during the period, valued at $26,000. Wetzel Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the fourth quarter, valued at approximately $26,000. Pin Oak Investment Advisors Inc. increased its holdings in Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock, acquiring an additional 136 shares during the period, valued at $26,000. Finally, ORG Partners LLC increased its holdings in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock, valued at $25,000, after purchasing an additional 166 shares during the period. Institutional investors hold 95.46% of the company’s shares.
Insider Trading at Take-Two Interactive Software
In other news, Director, Michael Sheresky sold 218 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The transaction was disclosed in a SEC filing, which is available at this hyperlink. In other news, Director, Michael Sheresky sold 218 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, Director, Jon J. Moses sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the transaction, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.
Take-Two Interactive Software Inc. traded up 0.0%
Shares of Take-Two Interactive Software, Inc. opened at $150.32 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $155.11 and 200-day simple moving average is $153.30. The company has a market capitalization of $25.76 billion, a P/E ratio of -6.84, a price-to-earnings growth ratio of 4.81 and a beta of 0.84. Take-Two Interactive Software, Inc.’s low in the past 12 months is $130.34 and its high in the past 12 months is $171.59.
Take-Two Interactive Software (NASDAQ:TTWO – get free report ) announced its latest earnings results on Thursday, May 16th. The company reported quarterly earnings per share of ($17.02), missing analysts’ consensus estimates of $0.07 by ($17.09). The company’s quarterly revenue was $1.35 billion, missing the consensus estimate of $1.31 billion. Take-Two Interactive Software had a net margin of negative 69.99% and a return on equity of positive 2.19%. The company’s quarterly revenue was down 3.2% year-over-year. During the same period last year, the company posted earnings per share of $0.47. Analysts expect Take-Two Interactive Software, Inc. to post earnings per share of $0.96 for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently commented on TTWO stock. Benchmark reaffirmed their “buy” rating on shares of Take-Two Interactive Software with a $200.00 price target in a research note on Friday, May 17th. Bank of America raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price target from $160.00 to $185.00 in a research report on Thursday, May 23rd. JPMorgan Chase & Co. increased their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Jefferies Financial Group boosted their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, HSBC downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price target for the company in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have rated it with a hold rating, and 19 have rated it with a buy rating. According to MarketBeat.com, the company has a consensus rating of a “moderate buy” with an average price target of $178.52.
Read the latest report on Take-Two Interactive Software
Take-Two Interactive Software Profile
(Free report)
Take-Two Interactive Software, Inc. develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers products under the Rockstar Games, 2K, Private Division and Zynga names, and develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire and Red Dead Redemption names.
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