Ameritas Investment Partners Inc. lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 18.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,073 shares of the company’s stock after selling 7,020 shares during the period. Ameritas Investment Partners Inc.’s holdings in Take-Two Interactive Software were worth $2,280,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTWO. Fifth Third Bancorp boosted its position in shares of Take-Two Interactive Software by 6.4% during the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after purchasing an additional 101 shares in the last quarter. Smithfield Trust Co. bought a new position in shares of Take-Two Interactive Software during the second quarter worth $125,000. Crow Point Partners LLC boosted its position in shares of Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after purchasing an additional 689 shares in the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of Take-Two Interactive Software during the second quarter worth $134,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Take-Two Interactive Software during the first quarter worth $114,000. 96.69% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/10/13/ameritas-investment-partners-inc-has-2-28-million-holdings-in-take-two-interactive-software-inc-ttwo.html.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. The disclosure for this sale can be found here. Insiders have sold 87,465 shares of company stock worth $7,677,331 over the last three months. 1.55% of the stock is owned by insiders.

A number of brokerages have recently weighed in on TTWO. Cowen and Company cut shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price target on the stock. in a research report on Monday. Stifel Nicolaus reissued a “buy” rating and set a $105.00 price target on shares of Take-Two Interactive Software in a research report on Thursday. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Take-Two Interactive Software in a research report on Friday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $112.00 price objective (up from $93.00) on shares of Take-Two Interactive Software in a research report on Monday, September 25th. Finally, Buckingham Research started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, September 20th. They issued a “buy” rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $92.95.

Take-Two Interactive Software, Inc. (NASDAQ TTWO) traded up 0.45% on Friday, hitting $103.91. 193,519 shares of the stock traded hands. The stock has a 50 day moving average of $100.07 and a 200 day moving average of $79.85. The firm has a market capitalization of $10.85 billion, a PE ratio of 61.34 and a beta of 0.78. Take-Two Interactive Software, Inc. has a 52 week low of $42.65 and a 52 week high of $107.53.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same period last year, the firm earned ($0.21) earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post $2.21 earnings per share for the current year.

Take-Two Interactive Software Profile

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.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

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

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.