Take-Two Interactive Software, Inc. $TTWO Stock Holdings Lowered by Cresset Asset Management LLC

Cresset Asset Management LLC cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 41.8% in the 2nd quarter, Holdings Channel reports. The firm owned 4,249 shares of the company’s stock after selling 3,057 shares during the period. Cresset Asset Management LLC’s holdings in Take-Two Interactive Software were worth $1,032,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $37,000. Benjamin Edwards Inc. lifted its holdings in shares of Take-Two Interactive Software by 45.6% during the first quarter. Benjamin Edwards Inc. now owns 2,913 shares of the company’s stock valued at $604,000 after purchasing an additional 912 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Take-Two Interactive Software by 8.4% in the 1st quarter. Public Sector Pension Investment Board now owns 24,128 shares of the company’s stock valued at $5,001,000 after purchasing an additional 1,867 shares during the period. Resona Asset Management Co. Ltd. increased its stake in Take-Two Interactive Software by 9.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 56,817 shares of the company’s stock worth $11,804,000 after purchasing an additional 4,763 shares in the last quarter. Finally, Prudential PLC increased its stake in Take-Two Interactive Software by 83.9% in the 1st quarter. Prudential PLC now owns 3,177 shares of the company’s stock worth $658,000 after purchasing an additional 1,449 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 1.1%

Shares of NASDAQ TTWO opened at $246.02 on Thursday. The business has a 50 day simple moving average of $249.23 and a 200 day simple moving average of $240.77. Take-Two Interactive Software, Inc. has a 52 week low of $177.35 and a 52 week high of $264.79. The stock has a market cap of $45.46 billion, a price-to-earnings ratio of -10.89, a PEG ratio of 3.97 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company’s revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.08) earnings per share. On average, research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on TTWO. B. Riley initiated coverage on shares of Take-Two Interactive Software in a report on Wednesday. They issued a “buy” rating and a $300.00 target price for the company. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a research report on Monday, December 1st. Benchmark boosted their target price on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Wells Fargo & Company raised their target price on Take-Two Interactive Software from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Twenty research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $266.33.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the sale, the director directly owned 2,716 shares in the company, valued at approximately $640,840.20. This represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Sheresky sold 182 shares of the stock in a transaction 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 transaction, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,421 shares of company stock valued at $349,042. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.