Norden Group LLC Sells 705 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Norden Group LLC decreased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,283 shares of the company’s stock after selling 705 shares during the period. Norden Group LLC’s holdings in Take-Two Interactive Software were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TTWO. CVA Family Office LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $25,000. MCF Advisors LLC increased its position in shares of Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $26,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Take-Two Interactive Software by 110.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after buying an additional 93 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Take-Two Interactive Software in the third quarter valued at approximately $27,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 0.0 %

Shares of NASDAQ:TTWO opened at $142.74 on Thursday. The stock has a 50 day moving average of $146.96 and a 200 day moving average of $152.27. Take-Two Interactive Software, Inc. has a 12-month low of $119.57 and a 12-month high of $171.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. Sell-side analysts expect that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on TTWO. JPMorgan Chase & Co. lowered their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Wedbush restated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, April 17th. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, BMO Capital Markets began coverage on Take-Two Interactive Software in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.61.

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, 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.