Toronto Dominion Bank Sells 8,551 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Toronto Dominion Bank lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,657 shares of the company’s stock after selling 8,551 shares during the quarter. Toronto Dominion Bank’s holdings in Take-Two Interactive Software were worth $7,410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Secured Retirement Advisors LLC purchased a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $953,000. Nordea Investment Management AB lifted its holdings in shares of Take-Two Interactive Software by 3.5% during the 1st quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock worth $109,182,000 after acquiring an additional 24,723 shares during the last quarter. QRG Capital Management Inc. grew its position in Take-Two Interactive Software by 169.7% in the first quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock worth $2,142,000 after acquiring an additional 9,076 shares in the last quarter. Wellington Management Group LLP increased its stake in Take-Two Interactive Software by 421.0% in 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 last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at about $1,191,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.9 %

Shares of NASDAQ:TTWO opened at $153.05 on Friday. The stock’s 50-day moving average is $151.82 and its 200 day moving average is $151.40. The company has a market cap of $26.83 billion, a PE ratio of -6.96, a P/E/G ratio of 4.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. 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 posted its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. Sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Morgan Stanley upped their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Jefferies Financial Group boosted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Stifel Nicolaus increased their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.10.

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.