Wells Fargo & Company MN Trims Stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

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Wells Fargo & Company MN cut its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 17.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,287,234 shares of the company’s stock after selling 264,301 shares during the quarter. Wells Fargo & Company MN’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $177,626,000 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 TTWO. Capital Advisors Ltd. LLC boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 169.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 834 shares of the company’s stock worth $115,000 after acquiring an additional 525 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth $130,000. Piedmont Investment Advisors LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth $155,000. Clear Perspective Advisors LLC boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 86.7% during the 2nd quarter. Clear Perspective Advisors LLC now owns 1,400 shares of the company’s stock worth $166,000 after acquiring an additional 650 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 586.7% during the 3rd quarter. IFP Advisors Inc now owns 1,339 shares of the company’s stock worth $185,000 after acquiring an additional 1,144 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on TTWO. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Bank of America raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Stifel Nicolaus raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Sanford C. Bernstein began coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, October 9th. They set an “outperform” rating and a $175.00 price objective for the company. Finally, Wedbush set a $132.00 target price on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Thursday, July 26th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE presently has an average rating of “Buy” and an average price target of $144.94.

In other news, Director Paul E. Viera acquired 75,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average price of $133.93 per share, with a total value of $10,044,750.00. Following the completion of the transaction, the director now owns 926 shares in the company, valued at $124,019.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Daniel P. Emerson sold 13,268 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,463 shares of company stock valued at $4,664,100. Insiders own 1.07% of the company’s stock.

Shares of TAKE-TWO INTERACTIVE SOFTWARE stock opened at $113.05 on Friday. The firm has a market capitalization of $14.32 billion, a PE ratio of 49.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12 month low of $92.81 and a 12 month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Wednesday, November 7th. The company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.16. The business had revenue of $583.42 million during the quarter, compared to analysts’ expectations of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 19.13% and a net margin of 11.76%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current year.

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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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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