Bank of New York Mellon Corp Trims Position in TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

Bank of New York Mellon Corp lowered its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 778,648 shares of the company’s stock after selling 65,620 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of TAKE-TWO INTERACTIVE SOFTWARE worth $92,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Castleark Management LLC grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 10.7% during the second quarter. Castleark Management LLC now owns 4,865 shares of the company’s stock valued at $576,000 after buying an additional 470 shares during the period. Clear Perspective Advisors LLC grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 86.7% during the second quarter. Clear Perspective Advisors LLC now owns 1,400 shares of the company’s stock valued at $166,000 after buying an additional 650 shares during the period. DnB Asset Management AS boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 7.0% during the second quarter. DnB Asset Management AS now owns 10,700 shares of the company’s stock worth $1,266,000 after purchasing an additional 700 shares during the period. Fagan Associates Inc. boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 4.3% during the second quarter. Fagan Associates Inc. now owns 17,715 shares of the company’s stock worth $2,097,000 after purchasing an additional 730 shares during the period. Finally, Pier Capital LLC boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 20.9% during the second quarter. Pier Capital LLC now owns 4,784 shares of the company’s stock worth $566,000 after purchasing an additional 827 shares during the period. Institutional investors own 93.93% of the company’s stock.

In other news, VP Daniel P. Emerson sold 13,268 shares of the stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul E. Viera purchased 75,000 shares of the stock in a transaction dated Monday, August 27th. The stock was purchased at an average cost of $133.93 per share, for a total transaction of $10,044,750.00. Following the completion of the acquisition, the director now owns 926 shares of the company’s stock, valued at approximately $124,019.18. The disclosure for this purchase can be found here. Over the last three months, insiders sold 36,463 shares of company stock worth $4,664,100. Insiders own 1.07% of the company’s stock.

A number of equities analysts have weighed in on the stock. Barclays set a $144.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley increased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday. BidaskClub lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Jefferies Financial Group increased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Credit Suisse Group increased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $137.00 and gave the stock a “neutral” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $144.94.

Shares of TAKE-TWO INTERACTIVE SOFTWARE stock opened at $113.05 on Friday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $92.81 and a 12-month high of $139.91. The stock has a market capitalization of $14.08 billion, a PE ratio of 64.60, a PEG ratio of 2.47 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.49% and a return on equity of 18.54%. The firm had revenue of $583.42 million for the quarter, compared to the consensus estimate of $549.87 million. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current year.

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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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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