Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Holdings Cut by American International Group Inc.

American International Group Inc. decreased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,029 shares of the company’s stock after selling 483 shares during the quarter. American International Group Inc.’s holdings in Take-Two Interactive Software were worth $8,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC raised its holdings in shares of Take-Two Interactive Software by 23.3% during the 4th quarter. HB Wealth Management LLC now owns 2,233 shares of the company’s stock valued at $359,000 after purchasing an additional 422 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $25,000. Pacer Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 13,174 shares of the company’s stock valued at $2,120,000 after purchasing an additional 3,087 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Take-Two Interactive Software by 349.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 115,699 shares of the company’s stock valued at $18,622,000 after purchasing an additional 89,931 shares in the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock valued at $276,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares in the company, valued at approximately $3,324,626.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the sale, the director now owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded down $0.95 during trading on Thursday, reaching $151.94. The company had a trading volume of 579,258 shares, compared to its average volume of 1,645,223. Take-Two Interactive Software, Inc. has a 52 week low of $130.34 and a 52 week high of $171.59. The stock has a market cap of $26.04 billion, a PE ratio of -6.96, a PEG ratio of 4.85 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $155.47 and its 200-day moving average price is $153.16.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. Analysts expect that Take-Two Interactive Software, Inc. will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TTWO. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Wedbush reiterated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Jefferies Financial Group raised their target price on shares of 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. Oppenheimer reiterated an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, April 23rd. Finally, Bank of America upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $160.00 to $185.00 in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $178.96.

Take-Two Interactive Software Profile

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.