First Hawaiian Bank Sells 365 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

First Hawaiian Bank trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 20,556 shares of the company’s stock after selling 365 shares during the quarter. First Hawaiian Bank’s holdings in Take-Two Interactive Software were worth $3,052,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Moody National Bank Trust Division lifted its holdings in shares of Take-Two Interactive Software by 2.2% in the 1st quarter. Moody National Bank Trust Division now owns 4,172 shares of the company’s stock worth $620,000 after acquiring an additional 91 shares during the last quarter. Park National Corp OH increased its stake in shares of Take-Two Interactive Software by 28.6% in the first quarter. Park National Corp OH now owns 318,945 shares of the company’s stock worth $47,360,000 after buying an additional 70,952 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $259,000. Newbridge Financial Services Group Inc. increased its stake in shares of Take-Two Interactive Software by 22.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 614 shares of the company’s stock worth $99,000 after buying an additional 114 shares during the period. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $406,000. 95.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group decreased their target price on shares of Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. HSBC downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 target price on the stock. in a research note on Friday, May 17th. Bank of America raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $185.00 in a research note on Thursday, May 23rd. Citigroup raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Oppenheimer reissued 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. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.09.

Insider Buying and Selling

In related news, President Karl Slatoff sold 90,851 shares of the company’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 transaction, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Karl Slatoff sold 90,851 shares of the company’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 transaction, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction dated 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 owns 64,173 shares in the company, valued at approximately $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 quarter. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Stock Down 1.3 %

NASDAQ:TTWO opened at $155.37 on Thursday. The firm’s 50-day moving average price is $151.04 and its 200-day moving average price is $154.14. The company has a market capitalization of $26.63 billion, a PE ratio of -7.07, a P/E/G ratio of 5.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59.

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

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.