Congress Asset Management Co. Sells 9,645 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Congress Asset Management Co. decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 653,244 shares of the company's stock after selling 9,645 shares during the quarter. Congress Asset Management Co. owned 0.37% of Take-Two Interactive Software worth $100,410,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB raised 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 valued at $109,182,000 after purchasing an additional 24,723 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 169.7% in 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 lifted 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 valued at $4,081,000 after acquiring an additional 5,681 shares in the last quarter. University of Texas Texas AM Investment Management Co. increased its position in shares of Take-Two Interactive Software by 30.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company's stock worth $3,978,000 after purchasing 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 1st quarter. Russell Investments Group Ltd. now owns 45,316 shares of the company's stock valued at $6,718,000 after purchasing 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 Down 0.7 %

Shares of NASDAQ TTWO traded down $1.17 during midday trading on Thursday, reaching $161.72. 1,392,891 shares of the company's stock traded hands, compared to its average volume of 1,598,247. The stock's 50 day simple moving average is $155.70 and its 200-day simple moving average is $152.60. The company has a market cap of $28.35 billion, a price-to-earnings ratio of -7.26, a P/E/G ratio of 4.94 and a beta of 0.86. Take-Two Interactive Software, Inc. has a one year low of $132.17 and a one year high of $171.59. 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 (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, analysts predict that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 64,378 shares of the company's stock, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.45% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on TTWO. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. decreased 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 note on Tuesday, October 22nd. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. HSBC upgraded Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price objective on the stock in a research note on Monday, August 12th. Finally, Stifel Nicolaus boosted their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of "Buy" and an average target price of $185.60.

Take-Two Interactive Software 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.