Canada Post Corp Registered Pension Plan Cuts Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Canada Post Corp Registered Pension Plan reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 68.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,300 shares of the company’s stock after selling 7,124 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Take-Two Interactive Software were worth $858,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $425,000. Empowered Funds LLC grew its position in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after buying an additional 165 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $66,000. Finally, Callan Family Office LLC purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $832,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TTWO shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. DA Davidson restated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.

Take-Two Interactive Software Trading Up 1.2%

Shares of TTWO opened at $195.59 on Monday. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The business has a 50-day moving average of $242.83 and a 200 day moving average of $242.79. The firm has a market cap of $36.22 billion, a P/E ratio of -8.74, a price-to-earnings-growth ratio of 10.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 60.45% and a positive return on equity of 17.73%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business earned ($2.08) earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. The trade was a 14.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Sheresky sold 182 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the sale, the director directly owned 65,781 shares in the company, valued at approximately $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. Insiders have sold a total of 1,010 shares of company stock worth $242,102 over the last 90 days. 1.34% of the stock is currently owned by corporate insiders.

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.