Truist Financial Corp Sells 11,026 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Truist Financial Corp trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 396,372 shares of the company’s stock after selling 11,026 shares during the quarter. Truist Financial Corp’s holdings in Take-Two Interactive Software were worth $61,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Take-Two Interactive Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after acquiring an additional 156,563 shares during the period. Capital World Investors grew its position in shares of Take-Two Interactive Software by 2.1% in the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after purchasing an additional 151,135 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Take-Two Interactive Software by 4.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock worth $737,684,000 after purchasing an additional 192,774 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the period. Finally, Boston Partners lifted its position in shares of Take-Two Interactive Software by 1.8% during the 1st quarter. Boston Partners now owns 2,697,648 shares of the company’s stock worth $400,379,000 after purchasing an additional 48,909 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $150.48 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market cap of $26.38 billion, a PE ratio of -6.85, a price-to-earnings-growth ratio of 4.45 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The company’s 50-day moving average price is $151.86 and its two-hundred day moving average price is $151.56.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on 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. Jefferies Financial Group boosted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Wedbush reissued an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.10.

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.