Shell Asset Management Co. Sells 1,968 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Shell Asset Management Co. cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,322 shares of the company’s stock after selling 1,968 shares during the period. Shell Asset Management Co.’s holdings in Take-Two Interactive Software were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of Take-Two Interactive Software by 1.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock valued at $907,000 after purchasing an additional 68 shares during the period. Tectonic Advisors LLC increased its position in shares of Take-Two Interactive Software by 4.2% during the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after acquiring an additional 69 shares in the last quarter. Drive Wealth Management LLC lifted its position in Take-Two Interactive Software by 4.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after acquiring an additional 69 shares in the last quarter. Lincoln National Corp boosted its stake in Take-Two Interactive Software by 1.6% in the 4th quarter. Lincoln National Corp now owns 5,215 shares of the company’s stock worth $839,000 after purchasing an additional 81 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Take-Two Interactive Software by 34.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 340 shares of the company’s stock worth $55,000 after buying an additional 88 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTWO. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. Roth Mkm dropped their price target on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. HSBC cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price objective for the company. in a research report on Friday, May 17th. Oppenheimer reissued an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, May 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.96.

Take-Two Interactive Software Trading Up 0.3 %

Shares of Take-Two Interactive Software stock opened at $150.75 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a 12-month low of $130.34 and a 12-month high of $171.59. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of -6.86, a PEG ratio of 4.81 and a beta of 0.84. The firm’s 50-day moving average price is $155.62 and its two-hundred day moving average price is $153.08.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data 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 the consensus estimate of $1.31 billion. During the same period last year, the business earned $0.47 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, analysts forecast that Take-Two Interactive Software, Inc. will post 0.96 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jon J. Moses sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at approximately $3,324,626.25. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total transaction of $36,432.16. Following the sale, the director now directly owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at approximately $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.