Oppenheimer & Co. Inc. Sells 1,491 Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

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Oppenheimer & Co. Inc. lowered its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 24.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,698 shares of the company’s stock after selling 1,491 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $589,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TTWO. Cornerstone Advisors Inc. raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 121.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. North Star Investment Management Corp. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter worth approximately $25,000. Squar Milner Financial Services LLC raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 475.7% during the 3rd quarter. Squar Milner Financial Services LLC now owns 213 shares of the company’s stock worth $26,000 after acquiring an additional 176 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth approximately $28,000. Finally, Phocas Financial Corp. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Shares of TAKE-TWO INTERACTIVE SOFTWARE stock opened at $116.96 on Friday. The firm’s 50 day simple moving average is $122.65 and its two-hundred day simple moving average is $117.44. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $84.41 and a 12-month high of $135.70. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 4.36 and a beta of 0.72. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.78. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm had revenue of $950.50 million for the quarter, compared to the consensus estimate of $926.91 million. During the same period in the prior year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 62.9% compared to the same quarter last year. On average, sell-side analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 EPS for the current fiscal year.

Several research firms recently commented on TTWO. Benchmark boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. KeyCorp boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Credit Suisse Group boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $128.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday. Cowen boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, Nomura began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Thursday, October 3rd. They set a “neutral” rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE currently has a consensus rating of “Buy” and an average target price of $132.22.

In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Michael Sheresky sold 226 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $126.89, for a total transaction of $28,677.14. Following the completion of the transaction, the director now directly owns 70,137 shares in the company, valued at $8,899,683.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 4,500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $126.77, for a total transaction of $570,465.00. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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 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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