Creative Planning Lowers Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Creative Planning lowered its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,031 shares of the company’s stock after selling 2,213 shares during the quarter. Creative Planning’s holdings in Take-Two Interactive Software were worth $3,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in 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 valued at $2,809,561,000 after buying an additional 156,563 shares during the last quarter. Capital World Investors grew its stake in 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 valued at $1,075,142,000 after acquiring an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Take-Two Interactive Software by 4.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock valued at $737,684,000 after acquiring an additional 192,774 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Take-Two Interactive Software by 17.6% in the 2nd 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 in the last quarter. Finally, Boston Partners boosted its holdings in shares of Take-Two Interactive Software by 1.8% during the 1st quarter. Boston Partners now owns 2,697,648 shares of the company’s stock valued at $400,379,000 after purchasing an additional 48,909 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred 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 transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Jefferies Financial Group boosted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets reissued 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. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $185.60.

Take-Two Interactive Software Trading Up 0.3 %

NASDAQ TTWO opened at $161.79 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59. 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 company has a market capitalization of $28.36 billion, a PE ratio of -7.26, a P/E/G ratio of 4.63 and a beta of 0.86. The company has a fifty day moving average of $155.23 and a 200 day moving average of $152.31.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping 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 the consensus estimate of $1.24 billion. Research analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.