Sit Investment Associates Inc. decreased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,425 shares of the company’s stock after selling 1,050 shares during the quarter. Sit Investment Associates Inc.’s holdings in Take-Two Interactive Software were worth $2,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TTWO. Fifth Third Bancorp boosted its stake in shares of Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after purchasing an additional 101 shares during the period. Smithfield Trust Co. purchased a new position in shares of Take-Two Interactive Software in the second quarter valued at approximately $125,000. Crow Point Partners LLC boosted its stake in shares of Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after purchasing an additional 689 shares during the period. Fortaleza Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software in the second quarter valued at approximately $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Take-Two Interactive Software in the second quarter valued at approximately $183,000. 96.70% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software, Inc. (NASDAQ TTWO) opened at 104.93 on Monday. Take-Two Interactive Software, Inc. has a one year low of $43.33 and a one year high of $107.53. The stock has a 50 day moving average of $101.51 and a 200-day moving average of $81.80. The firm has a market capitalization of $10.96 billion, a PE ratio of 61.94 and a beta of 0.78.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm had revenue of $348.30 million for the quarter, compared to analysts’ expectations of $280.70 million. During the same period last year, the business posted ($0.21) earnings per share. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities analysts predict that Take-Two Interactive Software, Inc. will post $2.20 EPS for the current year.

TTWO has been the subject of several recent research reports. Benchmark Co. reissued a “buy” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Cowen and Company downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price target for the company. in a research note on Monday, October 9th. KeyCorp reiterated a “buy” rating and issued a $104.00 price target on shares of Take-Two Interactive Software in a research note on Friday, September 8th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price target on shares of Take-Two Interactive Software in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $94.20.

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In related news, CEO Strauss Zelnick sold 50,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the transaction, the chief financial officer now owns 409,019 shares in the company, valued at $35,862,785.92. 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 90 days. 1.55% of the stock is currently owned by company insiders.

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.

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

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