Congress Asset Management Co. MA Sells 5,688 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Congress Asset Management Co. MA decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 687,511 shares of the company’s stock after selling 5,688 shares during the quarter. Congress Asset Management Co. MA’s holdings in Take-Two Interactive Software were worth $110,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. MCF Advisors LLC raised its position in Take-Two Interactive Software by 1,677.8% in the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares during the period. Wetzel Investment Advisors Inc. bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. raised its position in Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in 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 acquiring an additional 93 shares during the period. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTWO. Oppenheimer reiterated an “outperform” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. Jefferies Financial Group decreased their price target on shares of Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research report on Friday, May 17th. Roth Mkm decreased their price target on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $178.09.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 218 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now directly owns 64,173 shares in the company, valued at approximately $10,724,591.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $167.12, for a total transaction of $36,432.16. Following the transaction, the director now owns 64,173 shares in the company, valued at $10,724,591.76. The disclosure for this sale can be found here. Insiders have sold a total of 93,569 shares of company stock worth $13,909,565 in the last three months. Insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ TTWO traded up $1.24 on Friday, reaching $158.96. The company had a trading volume of 1,174,813 shares, compared to its average volume of 1,977,774. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $27.24 billion, a PE ratio of -7.23, a price-to-earnings-growth ratio of 5.11 and a beta of 0.84. The firm’s 50 day moving average price is $150.89 and its 200 day moving average price is $154.20. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, equities analysts predict that Take-Two Interactive Software, Inc. will post 0.95 earnings per share for the current year.

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.