Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 71.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,793 shares of the company’s stock after selling 33,775 shares during the quarter. Federated Hermes Inc.’s holdings in Take-Two Interactive Software were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. grew its stake in Take-Two Interactive Software by 46.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 2,098 shares of the company’s stock valued at $326,000 after purchasing an additional 663 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Take-Two Interactive Software by 4.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 131,866 shares of the company’s stock valued at $20,909,000 after buying an additional 5,926 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth approximately $37,000. Daiwa Securities Group Inc. grew its position in shares of Take-Two Interactive Software by 3.3% during the second quarter. Daiwa Securities Group Inc. now owns 33,388 shares of the company’s stock worth $5,192,000 after buying an additional 1,065 shares in the last quarter. Finally, Provident Investment Management Inc. bought a new stake in shares of Take-Two Interactive Software in the second quarter worth $25,001,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $148.78 on Friday. The firm has a market capitalization of $25.50 billion, a PE ratio of -6.77, a P/E/G ratio of 4.43 and a beta of 0.86. 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 50-day moving average price of $151.94 and a 200 day moving average price of $151.10. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating 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 negative net margin of 70.33% and a positive return on equity of 1.74%. On average, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on TTWO. BMO Capital Markets reiterated 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. Benchmark lifted their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. HSBC raised 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. Finally, Morgan Stanley boosted their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $183.55.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.37% of the company’s stock.

About Take-Two Interactive Software

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.