Troy Asset Management Ltd Has $14.73 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Troy Asset Management Ltd lowered its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,718 shares of the company’s stock after selling 3,625 shares during the quarter. Troy Asset Management Ltd owned 0.05% of Take-Two Interactive Software worth $14,728,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Take-Two Interactive Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after purchasing an additional 156,563 shares during the period. Capital World Investors raised its position in shares of Take-Two Interactive Software by 2.1% during the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock worth $1,075,142,000 after purchasing an additional 151,135 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Take-Two Interactive Software by 4.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock worth $737,684,000 after purchasing an additional 192,774 shares during the period. Ameriprise Financial Inc. raised its position in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the period. Finally, Boston Partners raised its position in shares of Take-Two Interactive Software by 1.8% during the first quarter. Boston Partners now owns 2,697,648 shares of the company’s stock worth $400,379,000 after purchasing an additional 48,909 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Morgan Stanley lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 target price on the stock. Bank of America reissued a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $185.10.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the business’s 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 directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Up 0.4 %

TTWO stock opened at $153.71 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. The firm has a market capitalization of $26.94 billion, a PE ratio of -6.99, a PEG ratio of 4.45 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The business’s 50 day simple moving average is $151.88 and its 200 day simple moving average is $151.51.

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

Take-Two Interactive Software Company 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.