Mackenzie Financial Corp Sells 546 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Mackenzie Financial Corp cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,806 shares of the company’s stock after selling 546 shares during the period. Mackenzie Financial Corp’s holdings in Take-Two Interactive Software were worth $3,391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Take-Two Interactive Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after purchasing an additional 156,563 shares during the last quarter. Capital World Investors grew its holdings 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 worth $1,075,142,000 after purchasing an additional 151,135 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 last quarter. Ameriprise Financial Inc. grew its holdings 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 last quarter. Finally, Boston Partners grew its holdings in shares of Take-Two Interactive Software by 1.8% in the first 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 currently owned by institutional investors.

Take-Two Interactive Software Stock Down 2.1 %

TTWO stock opened at $150.48 on Wednesday. The firm has a 50 day moving average of $151.86 and a 200 day moving average of $151.56. The stock has a market capitalization 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. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a 52 week low of $130.34 and a 52 week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. Sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTWO. Wedbush restated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Monday, August 12th. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Stifel Nicolaus upped their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Bank of America reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.10.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by insiders.

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.