Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 22.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,674 shares of the company’s stock after selling 2,525 shares during the period. Panagora Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kentucky Retirement Systems Insurance Trust Fund lifted 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 worth $907,000 after buying an additional 68 shares during the last quarter. Lincoln National Corp raised its stake in Take-Two Interactive Software by 1.6% during the fourth quarter. Lincoln National Corp now owns 5,215 shares of the company’s stock worth $839,000 after acquiring an additional 81 shares during the period. Moody National Bank Trust Division lifted its holdings in Take-Two Interactive Software by 2.2% in the first 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. Salomon & Ludwin LLC lifted its holdings in Take-Two Interactive Software by 25.7% in the first quarter. Salomon & Ludwin LLC now owns 445 shares of the company’s stock worth $66,000 after acquiring an additional 91 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Take-Two Interactive Software by 15.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock worth $107,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.8 %

TTWO opened at $161.71 on Friday. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year high of $171.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s fifty day moving average is $151.69 and its 200-day moving average is $150.74. The company has a market capitalization of $28.34 billion, a PE ratio of -7.36, a P/E/G ratio of 4.63 and a beta of 0.84.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTWO. HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Monday, August 12th. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Redburn Atlantic began coverage on Take-Two Interactive Software in a report on Thursday. They issued a “buy” rating and a $194.00 price target on the stock. Finally, Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $182.82.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 218 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.