Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,359 shares of the company's stock after selling 5,507 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.07% of Take-Two Interactive Software worth $19,390,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in Take-Two Interactive Software by 3.5% in the first 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 in the last quarter. QRG Capital Management Inc. increased its position in shares of Take-Two Interactive Software by 169.7% during the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company's stock valued at $2,142,000 after purchasing an additional 9,076 shares during the last quarter. Creative Planning raised its holdings in Take-Two Interactive Software by 27.6% during the 2nd quarter. Creative Planning now owns 26,244 shares of the company's stock valued at $4,081,000 after buying an additional 5,681 shares during the period. University of Texas Texas AM Investment Management Co. lifted its position in Take-Two Interactive Software by 30.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company's stock worth $3,978,000 after buying an additional 6,027 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Take-Two Interactive Software by 103.7% during the first quarter. Russell Investments Group Ltd. now owns 45,316 shares of the company's stock worth $6,718,000 after buying an additional 23,072 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Up 0.4 %

TTWO stock traded up $0.61 during trading on Wednesday, reaching $162.89. 1,650,397 shares of the company traded hands, compared to its average volume of 1,599,084. The business has a 50 day simple moving average of $155.58 and a 200 day simple moving average of $152.46. Take-Two Interactive Software, Inc. has a 12 month low of $132.17 and a 12 month high of $171.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $28.55 billion, a price-to-earnings ratio of -7.28, a price-to-earnings-growth ratio of 4.94 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly 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 negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reissued an "outperform" rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Benchmark raised their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Jefferies Financial Group upped their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 11th. Stifel Nicolaus increased their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut their price objective on Take-Two Interactive Software from $200.00 to $195.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $185.60.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the company'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 transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.45% of the company's stock.

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.