Troy Asset Management Ltd Sells 3,625 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Troy Asset Management Ltd trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 94,718 shares of the company’s stock after selling 3,625 shares during the quarter. Troy Asset Management Ltd’s holdings in Take-Two Interactive Software were worth $14,728,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of Take-Two Interactive Software by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 14,987 shares of the company’s stock worth $2,330,000 after buying an additional 1,706 shares in the last quarter. Quarry LP raised its holdings in shares of Take-Two Interactive Software by 156.7% during the 2nd quarter. Quarry LP now owns 421 shares of the company’s stock worth $65,000 after buying an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Take-Two Interactive Software by 6.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 85,495 shares of the company’s stock worth $13,294,000 after buying an additional 5,445 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Take-Two Interactive Software by 1.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 310,695 shares of the company’s stock worth $48,310,000 after buying an additional 4,761 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Take-Two Interactive Software by 27.6% during the 2nd quarter. Creative Planning now owns 26,244 shares of the company’s stock worth $4,081,000 after buying an additional 5,681 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTWO. Wedbush reissued an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. 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 report on Tuesday, July 23rd. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 target price for the company. Finally, Jefferies Financial Group upped their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.10.

Take-Two Interactive Software Stock Up 0.4 %

Shares of Take-Two Interactive Software stock opened at $153.71 on Tuesday. 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 current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $151.88 and its 200 day moving average is $151.51. The firm has a market cap of $26.94 billion, a price-to-earnings ratio of -6.99, a PEG ratio of 4.45 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating 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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current year.

Insider Activity 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 stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, 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 the SEC website. 1.37% of the stock is owned by corporate insiders.

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.