Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Argent Trust Co

Argent Trust Co lowered its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,219 shares of the company’s stock after selling 621 shares during the quarter. Argent Trust Co’s holdings in Take-Two Interactive Software were worth $1,744,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Ninety One UK Ltd boosted its position in Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after acquiring an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Take-Two Interactive Software by 2,224.9% in the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock valued at $160,440,000 after purchasing an additional 1,034,000 shares during the period. TD Asset Management Inc increased its stake in Take-Two Interactive Software by 269.8% in the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after purchasing an additional 361,273 shares during the last quarter. Wellington Management Group LLP increased its stake in Take-Two Interactive Software by 421.0% in the fourth quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock valued at $52,632,000 after purchasing an additional 264,244 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock worth $3,020,116,000 after buying an additional 259,149 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now 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 can be accessed through this link. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on TTWO shares. Wedbush restated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Stifel Nicolaus raised their price target on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group boosted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of 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. Finally, HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.55.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $153.33 on Thursday. The company has a market cap of $26.88 billion, a PE ratio of -6.98, a P/E/G ratio of 4.43 and a beta of 0.86. 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 fifty day moving average price of $151.81 and a two-hundred day moving average price of $151.07. 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 (NASDAQ:TTWO) last announced its quarterly earnings results 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 expect that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current 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.