Envestnet Asset Management Inc. Sells 23,369 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Envestnet Asset Management Inc. lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,788 shares of the company’s stock after selling 23,369 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of Take-Two Interactive Software worth $51,745,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TTWO. Ninety One UK Ltd lifted its stake in Take-Two Interactive Software by 473.2% in the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after acquiring an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in Take-Two Interactive Software by 2,224.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock valued at $160,440,000 after acquiring an additional 1,034,000 shares in the last quarter. TD Asset Management Inc lifted its stake in Take-Two Interactive Software by 269.8% in the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after acquiring an additional 361,273 shares in the last quarter. Wellington Management Group LLP lifted its stake in Take-Two Interactive Software by 421.0% in the 4th quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock valued at $52,632,000 after acquiring an additional 264,244 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock valued at $3,020,116,000 after acquiring an additional 259,149 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $153.33 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s fifty day moving average price is $151.81 and its two-hundred day moving average price is $151.07. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year high of $171.59. The firm has a market cap of $26.88 billion, a price-to-earnings ratio of -6.98, a P/E/G ratio of 4.43 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on TTWO. Bank of America restated a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. BMO Capital Markets reiterated an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Redburn Atlantic started coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $183.55.

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of the company’s 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 sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

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.