Shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) fell 1.7% during mid-day trading on Thursday . The company traded as low as $38.74 and last traded at $39.22, with a volume of 894,780 shares trading hands. The stock had previously closed at $39.91.

A number of brokerages have recently issued reports on TTWO. Sterne Agee CRT reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Sunday, May 22nd. Pacific Crest reaffirmed a “hold” rating on shares of Take-Two Interactive Software in a report on Saturday, June 4th. TheStreet raised shares of Take-Two Interactive Software to a “buy” rating in a report on Thursday, May 26th. Wedbush reaffirmed a “hold” rating and set a $30.50 price target on shares of Take-Two Interactive Software in a report on Saturday, May 14th. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and set a $40.00 price target (up previously from $39.00) on shares of Take-Two Interactive Software in a report on Saturday, May 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. Take-Two Interactive Software currently has an average rating of “Buy” and an average price target of $39.58.

The firm has a 50 day moving average of $38.43 and a 200 day moving average of $35.99. The firm’s market cap is $3.20 billion.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, May 18th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.20. The company earned $342.50 million during the quarter, compared to analysts’ expectations of $303.95 million. The company’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. On average, equities analysts forecast that Take-Two Interactive Software Inc. will post $1.29 EPS for the current fiscal year.

In other Take-Two Interactive Software news, President Karl Slatoff sold 368,168 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $36.37, for a total value of $13,390,270.16. Following the sale, the president now owns 20,440 shares in the company, valued at approximately $743,402.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 325,550 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $36.37, for a total value of $11,840,253.50. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in TTWO. Russell Frank Co raised its position in shares of Take-Two Interactive Software by 56.5% in the fourth quarter. Russell Frank Co now owns 331,723 shares of the company’s stock worth $11,779,000 after buying an additional 119,716 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Take-Two Interactive Software by 11.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 78,730 shares of the company’s stock worth $2,743,000 after buying an additional 8,202 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $1,224,000. California State Teachers Retirement System raised its position in shares of Take-Two Interactive Software by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 156,783 shares of the company’s stock worth $5,462,000 after buying an additional 2,356 shares during the period. Finally, Swiss National Bank raised its position in shares of Take-Two Interactive Software by 0.9% in the fourth quarter. Swiss National Bank now owns 116,400 shares of the company’s stock worth $4,055,000 after buying an additional 1,000 shares during the period.

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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