Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Creative Planning

Creative Planning trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,031 shares of the company’s stock after selling 2,213 shares during the period. Creative Planning’s holdings in Take-Two Interactive Software were worth $3,694,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TTWO. ORG Partners LLC increased its stake in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC increased its position in shares of Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the last quarter. UMB Bank n.a. raised its holdings in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. Blue Trust Inc. lifted its position in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC purchased a new position in Take-Two Interactive Software during the second quarter worth about $37,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on TTWO. Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. HSBC raised 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 Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Jefferies Financial Group lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and a consensus target price of $185.60.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $161.79 on Friday. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The firm has a market capitalization of $28.36 billion, a P/E ratio of -7.26, a P/E/G ratio of 4.63 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. The company’s fifty day moving average price is $155.23 and its 200 day moving average price is $152.31.

Take-Two Interactive Software (NASDAQ:TTWO) last posted 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 business 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%. As a group, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.