Wells Fargo & Company MN lowered its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 17.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,287,234 shares of the company’s stock after selling 264,301 shares during the period. Wells Fargo & Company MN owned about 1.13% of TAKE-TWO INTERACTIVE SOFTWARE worth $177,626,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 553.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 24,059 shares of the company’s stock worth $626,000 after buying an additional 20,377 shares during the last quarter. White Elm Capital LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth approximately $4,498,000. Raymond James & Associates lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 4.4% during the 2nd quarter. Raymond James & Associates now owns 29,739 shares of the company’s stock worth $3,520,000 after buying an additional 1,253 shares during the last quarter. USS Investment Management Ltd lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 15.6% during the 3rd quarter. USS Investment Management Ltd now owns 1,275,820 shares of the company’s stock worth $176,044,000 after buying an additional 172,218 shares during the last quarter. Finally, Oakbrook Investments LLC lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 38.9% during the 3rd quarter. Oakbrook Investments LLC now owns 10,972 shares of the company’s stock worth $1,514,000 after buying an additional 3,075 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Michael Sheresky sold 295 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $129.07, for a total value of $38,075.65. Following the sale, the director now directly owns 69,168 shares in the company, valued at approximately $8,927,513.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel P. Emerson sold 13,268 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,463 shares of company stock worth $4,664,100. 1.07% of the stock is owned by insiders.
Shares of TAKE-TWO INTERACTIVE SOFTWARE stock opened at $113.05 on Friday. The company has a market cap of $14.32 billion, a PE ratio of 49.15, a P/E/G ratio of 2.52 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE, INC has a twelve month low of $92.81 and a twelve month high of $139.91.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 19.13% and a net margin of 11.76%. The business had revenue of $583.42 million for the quarter, compared to analysts’ expectations of $549.87 million. During the same period in the prior year, the firm earned $1.09 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 earnings per share for the current fiscal year.
TTWO has been the topic of a number of research analyst reports. Zacks Investment Research raised TAKE-TWO INTERACTIVE SOFTWARE from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 17th. Piper Jaffray Companies reiterated an “overweight” rating and set a $145.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, July 25th. Wedbush set a $132.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Thursday, July 26th. BidaskClub cut TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Barclays set a $138.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Friday, August 3rd. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $144.94.
About TAKE-TWO INTERACTIVE SOFTWARE
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.
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