Private Advisor Group LLC Sells 1,395 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Private Advisor Group LLC trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 39.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,180 shares of the company’s stock after selling 1,395 shares during the quarter. Private Advisor Group LLC’s holdings in Take-Two Interactive Software were worth $335,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TTWO. Ninety One UK Ltd increased 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 period. 1832 Asset Management L.P. increased its holdings in shares of Take-Two Interactive Software by 2,224.9% during the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after purchasing an additional 1,034,000 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after purchasing an additional 804,793 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares during the period. Finally, Samlyn Capital LLC grew its position in Take-Two Interactive Software by 47.9% during the second quarter. Samlyn Capital LLC now owns 1,205,897 shares of the company’s stock worth $187,505,000 after buying an additional 390,810 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TTWO. Wedbush restated 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. Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. 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 research note on Thursday, September 5th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $187.21.

Take-Two Interactive Software Price Performance

TTWO stock opened at $166.62 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market cap of $29.21 billion, a price-to-earnings ratio of -7.36, a PEG ratio of 4.98 and a beta of 0.85. The company’s fifty day simple moving average is $155.90 and its 200 day simple moving average is $153.17. Take-Two Interactive Software, Inc. has a 12-month low of $135.00 and a 12-month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (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 company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts expect that Take-Two Interactive Software, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

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 directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.45% of the stock is currently owned by corporate insiders.

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.