Montag & Caldwell LLC Reduces Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Montag & Caldwell LLC lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 20.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,031 shares of the company’s stock after selling 24,957 shares during the period. Take-Two Interactive Software comprises 3.1% of Montag & Caldwell LLC’s portfolio, making the stock its 12th largest position. Montag & Caldwell LLC owned 0.06% of Take-Two Interactive Software worth $15,554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at $350,811,000. Ninety One UK Ltd lifted its position in shares of Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after purchasing an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Take-Two Interactive Software by 2,224.9% in the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after purchasing an additional 1,034,000 shares in the last quarter. TD Asset Management Inc increased its holdings in Take-Two Interactive Software by 269.8% in the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after buying an additional 361,273 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Take-Two Interactive Software by 421.0% during the fourth quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock valued at $52,632,000 after buying an additional 264,244 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 191 shares of the firm’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 completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Stock Down 0.9 %

TTWO stock opened at $152.18 on Monday. The firm has a market cap of $26.08 billion, a PE ratio of -6.92, a P/E/G ratio of 4.57 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $151.73 and a 200 day simple moving average of $151.01.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. Equities research analysts forecast that Take-Two Interactive Software, Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, May 20th. Wedbush reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective for the company. Benchmark raised their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.55.

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.