Take-Two Interactive Software, Inc. $TTWO Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 89.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,707 shares of the company’s stock after selling 23,467 shares during the period. Chapin Davis Inc.’s holdings in Take-Two Interactive Software were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after acquiring an additional 903,385 shares during the period. State Street Corp boosted its position in Take-Two Interactive Software by 3.8% during the 2nd quarter. State Street Corp now owns 10,583,564 shares of the company’s stock worth $2,570,084,000 after acquiring an additional 389,321 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Take-Two Interactive Software by 3.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock worth $1,341,789,000 after purchasing an additional 166,867 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Take-Two Interactive Software by 8.9% during the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock valued at $1,124,088,000 after purchasing an additional 378,371 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Take-Two Interactive Software by 17.3% during the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after purchasing an additional 515,484 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $246.65 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $177.35 and a twelve month high of $264.79. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $247.50 and a 200-day moving average of $241.39. The firm has a market cap of $45.58 billion, a price-to-earnings ratio of -10.92, a price-to-earnings-growth ratio of 3.84 and a beta of 0.96.

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

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the sale, the director directly owned 2,716 shares of the company’s stock, valued at $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 available at the SEC website. Also, Director Michael Sheresky sold 182 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,007 shares of company stock valued at $247,095 in the last quarter. Insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TTWO shares. Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. CICC Research started coverage on shares of Take-Two Interactive Software in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 price target for the company. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 7th. DA Davidson raised their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, October 8th. Twenty equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.33.

Take-Two Interactive Software 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.