Oppenheimer Asset Management Inc. Cuts Stock Position in Take-Two Interactive Software, Inc. $TTWO

Oppenheimer Asset Management Inc. cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.2% during the third quarter, HoldingsChannel.com reports. The firm owned 19,762 shares of the company’s stock after selling 2,740 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $5,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Candriam S.C.A. raised its position in Take-Two Interactive Software by 5.5% during the 3rd quarter. Candriam S.C.A. now owns 18,031 shares of the company’s stock worth $4,658,000 after buying an additional 948 shares during the last quarter. Gables Capital Management Inc. grew its holdings in Take-Two Interactive Software by 29.8% in the third quarter. Gables Capital Management Inc. now owns 7,500 shares of the company’s stock valued at $1,938,000 after purchasing an additional 1,720 shares during the period. RFG Advisory LLC increased its holdings in Take-Two Interactive Software by 5.1% in the 3rd quarter. RFG Advisory LLC now owns 1,037 shares of the company’s stock worth $268,000 after acquiring an additional 50 shares in the last quarter. First Dallas Securities Inc. raised its position in Take-Two Interactive Software by 90.9% during the third quarter. First Dallas Securities Inc. now owns 1,575 shares of the company’s stock worth $407,000 after acquiring an additional 750 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Take-Two Interactive Software by 65.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 685 shares of the company’s stock worth $178,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director directly owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,010 shares of company stock worth $242,102 over the last quarter. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $210.71 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $241.22 and a 200-day simple moving average of $242.55. The stock has a market cap of $39.02 billion, a P/E ratio of -9.42, a price-to-earnings-growth ratio of 10.95 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79.

Analyst Upgrades and Downgrades

TTWO has been the subject of several recent research reports. Morgan Stanley increased their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, January 29th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $283.94.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.