Amalgamated Bank Cuts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Amalgamated Bank trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,698 shares of the company’s stock after selling 949 shares during the period. Amalgamated Bank’s holdings in Take-Two Interactive Software were worth $5,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after buying an additional 166 shares during the period. Pin Oak Investment Advisors Inc. grew its position in Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 143 shares during the period. Connectus Wealth LLC lifted its position in shares of Take-Two Interactive Software by 903.8% during the fourth quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock worth $31,000 after purchasing an additional 173,308 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $148.78 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $130.34 and a 52 week high of $171.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock has a market cap of $25.50 billion, a PE ratio of -6.77, a price-to-earnings-growth ratio of 4.43 and a beta of 0.86. The company’s 50-day moving average price is $151.94 and its two-hundred day moving average price is $151.10.

Take-Two Interactive Software (NASDAQ:TTWO) last posted 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. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on TTWO shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. Stifel Nicolaus upped their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Benchmark raised their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $183.55.

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.