Commonwealth Equity Services LLC Reduces Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Commonwealth Equity Services LLC cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,507 shares of the company’s stock after selling 330 shares during the period. Commonwealth Equity Services LLC’s holdings in Take-Two Interactive Software were worth $1,167,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its holdings in Take-Two Interactive Software by 66.0% during the 4th quarter. Private Advisor Group LLC now owns 2,432 shares of the company’s stock valued at $392,000 after buying an additional 967 shares during the last quarter. Principal Securities Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $121,000. Janney Montgomery Scott LLC increased its position in Take-Two Interactive Software by 10.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,110 shares of the company’s stock worth $2,914,000 after purchasing an additional 1,737 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Take-Two Interactive Software by 16.4% in the 4th quarter. Quadrant Capital Group LLC now owns 839 shares of the company’s stock valued at $135,000 after purchasing an additional 118 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Take-Two Interactive Software by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 31,211 shares of the company’s stock valued at $5,023,000 after purchasing an additional 4,006 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TTWO shares. Stifel Nicolaus lifted their price target on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. BMO Capital Markets reissued an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Robert W. Baird lowered their price objective on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, May 20th. Redburn Atlantic started coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price on the stock. Finally, HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.55.

Take-Two Interactive Software Stock Up 0.2 %

Shares of NASDAQ TTWO opened at $152.45 on Tuesday. 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 12-month low of $130.34 and a 12-month high of $171.59. The company has a market cap of $26.13 billion, a P/E ratio of -6.94, a P/E/G ratio of 4.57 and a beta of 0.86. The stock has a fifty day moving average price of $151.74 and a 200 day moving average price of $151.05.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. Research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.03 EPS for the current fiscal year.

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 Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.