Van ECK Associates Corp Lowers Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Van ECK Associates Corp lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,200 shares of the company's stock after selling 25,898 shares during the quarter. Van ECK Associates Corp owned about 0.14% of Take-Two Interactive Software worth $38,836,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TTWO. QRG Capital Management Inc. lifted 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 worth $2,142,000 after purchasing an additional 9,076 shares in the last quarter. Creative Planning raised its holdings in shares of Take-Two Interactive Software by 27.6% in the second quarter. Creative Planning now owns 26,244 shares of the company's stock valued at $4,081,000 after purchasing an additional 5,681 shares during the last quarter. University of Texas Texas AM Investment Management Co. lifted its position in shares of Take-Two Interactive Software by 30.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company's stock valued at $3,978,000 after purchasing an additional 6,027 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 valued at $6,718,000 after purchasing an additional 23,072 shares in the last quarter. Finally, Beech Hill Advisors Inc. boosted its holdings in Take-Two Interactive Software by 107.5% during the third quarter. Beech Hill Advisors Inc. now owns 14,999 shares of the company's stock worth $2,305,000 after purchasing an additional 7,769 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTWO has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Stifel Nicolaus upped their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Jefferies Financial Group boosted their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, July 11th. JPMorgan Chase & Co. lowered their price objective 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, October 22nd. Finally, Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They set a "buy" rating and a $194.00 price target for the company. One equities research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Buy" and an average price target of $187.21.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Trading Down 0.5 %

TTWO stock traded down $0.85 during mid-day trading on Monday, reaching $162.93. 1,829,583 shares of the stock traded hands, compared to its average volume of 1,598,676. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software, Inc. has a one year low of $132.17 and a one year high of $171.59. The stock has a market capitalization of $28.56 billion, a PE ratio of -7.31, a PEG ratio of 4.94 and a beta of 0.85. The business has a 50-day moving average price of $155.79 and a two-hundred day moving average price of $152.85.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Equities research analysts expect that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current year.

About Take-Two Interactive Software

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.