The New York State Common Retirement Fund has sold its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) fell 16.9% during the third quarter, HoldingsChannel.com reports. The fund owned 97,682 shares of the company, after selling 19,800 shares during the quarter. New York State Common Retirement Fund’s holdings in Take-Two Interactive Software were worth $15,015,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Hartford Investment Management Co. increased its position in Take-Two Interactive Software shares by 0.7% in the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after acquiring an additional 74 shares in the last quarter. Chicago Capital LLC increased its position in shares of Take-Two Interactive Software by 2.9% in the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock worth $459,000 after acquiring an additional 85 shares during the last quarter. Mass Mutual Trust Co. FSB ADV increased its position in shares of Take-Two Interactive Software by 15.3% in the second quarter. Mass Mutual Trust Co. FSB ADV now owns 685 shares of the company’s stock worth $107,000 after acquiring an additional 91 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Take-Two Interactive Software by 5.7% in the third quarter. GAMMA Investing LLC now owns 1,709 shares of the company’s stock worth $263,000 after acquiring an additional 92 shares during the last quarter. Finally, Banco Santander SA increased its position in shares of Take-Two Interactive Software by 0.6% in the second quarter. Banco Santander SA now owns 15,773 shares of the company’s stock worth $2,453,000 after acquiring an additional 97 shares during the last quarter. 95.46% of the shares are owned by hedge funds and other institutional investors.
Analyst upgrades and downgrades
TTWO has been the subject of a number of reports from research analysts. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the stock in a research report on Monday, August 12. Bank of America reaffirmed a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 21. Finally, Stifel Nicolaus raised their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, September 5. One analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of ‘Buy’ and a consensus target price of $187.21.
Read our latest report on TTWO
Insider activity at Take-Two Interactive Software
In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The shares sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This means a decrease in their position by 0.00%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.45% of the company’s shares.
Take-Two interactive software Price performance
Shares of Take-Two Interactive Software opened at $164.03 on Wednesday. The company has a fifty-day simple moving average of $155.84 and a 200-day simple moving average of $153.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a one-year low of $132.17 and a one-year high of $171.59. The stock has a market cap of $28.75 billion, a price-to-earnings ratio of -7.36, a PEG ratio of 5.00 and a beta of 0.85.
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) posted its latest quarterly earnings data on Thursday, August 8. The company reported ($0.30) earnings per share for the quarter, surpassing analyst consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The company had revenue of $1.22 billion during the quarter, compared to analyst expectations of $1.24 billion. On average, sell-side analysts expect Take-Two Interactive Software, Inc. will post earnings per share of 1.01 for the current year.
Take-Two interactive software profile
(Free report)
Take-Two Interactive Software, Inc develops, publishes and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the names Grand Theft Auto, LA Noire, Max Payne, Midnight Club and Red Dead Redemption, as well as other franchises.
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Would you like to see which other hedge funds own TTWO? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report).
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