Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stake Decreased by Capital International Investors

Capital International Investors reduced its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 20.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,790,723 shares of the company’s stock after selling 1,449,437 shares during the quarter. Capital International Investors’ holdings in Take-Two Interactive Software were worth $859,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTWO. Norges Bank bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $350,811,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Take-Two Interactive Software by 12.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after acquiring an additional 521,456 shares during the period. TD Asset Management Inc boosted its holdings in shares of Take-Two Interactive Software by 269.8% in the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after acquiring an additional 361,273 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Take-Two Interactive Software by 421.0% during the fourth quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock valued at $52,632,000 after acquiring an additional 264,244 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Take-Two Interactive Software by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock worth $3,020,116,000 after purchasing an additional 259,149 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTWO. JPMorgan Chase & Co. lifted their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $200.00 in a report on Monday, April 8th. Bank of America upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $160.00 to $185.00 in a research report on Thursday, May 23rd. Oppenheimer reiterated an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. Finally, Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, May 17th. 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 company. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $178.96.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $0.44 during midday trading on Friday, hitting $150.75. 1,358,940 shares of the company traded hands, compared to its average volume of 1,649,677. Take-Two Interactive Software, Inc. has a twelve month low of $130.34 and a twelve month high of $171.59. The stock has a market capitalization of $25.83 billion, a price-to-earnings ratio of -6.86, a price-to-earnings-growth ratio of 4.89 and a beta of 0.84. 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 business has a 50 day simple moving average of $155.62 and a 200-day simple moving average of $153.08.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its 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). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.96 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the transaction, the director now directly owns 21,981 shares in the company, valued at $3,324,626.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

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, 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.