Great Lakes Advisors LLC Trims Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Great Lakes Advisors LLC reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 26,643 shares of the company’s stock after selling 803 shares during the period. Great Lakes Advisors LLC’s holdings in Take-Two Interactive Software were worth $4,288,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tectonic Advisors LLC increased its stake in Take-Two Interactive Software by 4.2% in the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after buying an additional 69 shares in the last quarter. Drive Wealth Management LLC lifted its position in Take-Two Interactive Software by 4.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after purchasing an additional 69 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Take-Two Interactive Software by 3.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after acquiring an additional 70 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Take-Two Interactive Software by 14.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock worth $87,000 after purchasing an additional 70 shares during the period. Finally, Lincoln National Corp increased its position in shares of Take-Two Interactive Software by 1.6% during the 4th quarter. Lincoln National Corp now owns 5,215 shares of the company’s stock valued at $839,000 after purchasing an additional 81 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Activity at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $147.84 on Monday. Take-Two Interactive Software, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.94. The firm has a market capitalization of $25.22 billion, a P/E ratio of -6.73, a PEG ratio of 1.29 and a beta of 0.75. The stock has a 50-day simple moving average of $146.50 and a two-hundred day simple moving average of $152.94.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Roth Mkm dropped their target price on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday. HSBC lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price target for the company. in a research note on Friday. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their target price for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Wedbush reissued an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $176.32.

Check Out Our Latest Stock Report on TTWO

About Take-Two Interactive Software

(Free Report)

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.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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