Investment House LLC Sells 34,348 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Investment House LLC lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 66.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,539 shares of the company’s stock after selling 34,348 shares during the quarter. Investment House LLC’s holdings in Take-Two Interactive Software were worth $2,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tectonic Advisors LLC boosted its position 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 worth $276,000 after purchasing an additional 69 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of Take-Two Interactive Software by 4.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after acquiring an additional 69 shares during the last quarter. Belpointe Asset Management LLC increased its stake in Take-Two Interactive Software by 3.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after buying an additional 70 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Take-Two Interactive Software by 14.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock valued at $87,000 after buying an additional 70 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Take-Two Interactive Software by 34.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 340 shares of the company’s stock valued at $55,000 after buying an additional 88 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TTWO shares. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, April 19th. Jefferies Financial Group started coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They issued a “buy” rating and a $195.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Finally, Wells Fargo & Company raised their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded up $0.31 during mid-day trading on Monday, reaching $144.78. 468,799 shares of the company were exchanged, compared to its average volume of 1,625,488. Take-Two Interactive Software, Inc. has a 52 week low of $119.57 and a 52 week high of $171.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.70 billion, a PE ratio of -16.84, a PEG ratio of 1.20 and a beta of 0.74. The company’s 50 day moving average price is $147.33 and its 200 day moving average price is $152.26.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. Sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

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.