Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 241,200 shares of the company’s stock after selling 25,898 shares during the period. Van ECK Associates Corp owned 0.14% of Take-Two Interactive Software worth $38,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its holdings in Take-Two Interactive Software by 5.0% during the third quarter. Stephens Inc. AR now owns 4,937 shares of the company’s stock worth $759,000 after purchasing an additional 236 shares in the last quarter. Stephens Investment Management Group LLC grew its position in shares of Take-Two Interactive Software by 2.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 547,911 shares of the company’s stock valued at $84,219,000 after buying an additional 13,353 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in Take-Two Interactive Software by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 31,569 shares of the company’s stock worth $4,852,000 after acquiring an additional 205 shares in the last quarter. United Asset Strategies Inc. lifted its position in Take-Two Interactive Software by 2.4% in the third quarter. United Asset Strategies Inc. now owns 10,116 shares of the company’s stock valued at $1,555,000 after acquiring an additional 239 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Take-Two Interactive Software by 4.4% in the third quarter. US Bancorp DE now owns 33,389 shares of the company’s stock valued at $5,132,000 after acquiring an additional 1,394 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The stock was 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 of the company’s stock, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TTWO. Jefferies Financial Group lifted their target price 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. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark increased their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. cut their target price on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Buy” and an average target price of $187.21.

Take-Two Interactive Software Trading Up 1.3 %

Shares of TTWO stock opened at $163.78 on Monday. The business’s fifty day moving average price is $155.79 and its 200 day moving average price is $152.78. The firm has a market capitalization of $28.71 billion, a PE ratio of -7.35, a P/E/G ratio of 4.94 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software, Inc. has a 1-year low of $132.17 and a 1-year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.