Raymond James Trust N.A. Sells 698 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Raymond James Trust N.A. lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) by 24.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,167 shares of the company’s stock after selling 698 shares during the period. Raymond James Trust N.A.’s holdings in Take-Two Interactive Software were worth $237,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Take-Two Interactive Software by 1.0% in the first quarter. Vanguard Group Inc. now owns 12,458,920 shares of the company’s stock worth $1,915,435,000 after purchasing an additional 118,028 shares in the last quarter. State Street Corp raised its position in Take-Two Interactive Software by 22.5% in the second quarter. State Street Corp now owns 6,753,431 shares of the company’s stock worth $827,430,000 after purchasing an additional 1,240,702 shares in the last quarter. Capital World Investors acquired a new position in Take-Two Interactive Software in the first quarter worth about $513,164,000. Massachusetts Financial Services Co. MA raised its position in Take-Two Interactive Software by 37.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,012,916 shares of the company’s stock worth $369,172,000 after purchasing an additional 819,021 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Take-Two Interactive Software by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,127,771 shares of the company’s stock worth $260,716,000 after purchasing an additional 42,113 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Take-Two Interactive Software from $157.00 to $131.00 in a report on Wednesday, November 16th. Robert W. Baird dropped their price objective on shares of Take-Two Interactive Software from $140.00 to $120.00 in a report on Tuesday, November 8th. Credit Suisse Group dropped their price objective on shares of Take-Two Interactive Software from $137.00 to $122.00 and set a “neutral” rating for the company in a report on Tuesday, November 8th. Benchmark dropped their price objective on shares of Take-Two Interactive Software from $180.00 to $139.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Finally, Cowen dropped their price objective on shares of Take-Two Interactive Software from $185.00 to $147.00 and set an “outperform” rating for the company in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.81.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $105.03 on Tuesday. The company’s fifty day moving average is $101.97 and its 200-day moving average is $115.30. Take-Two Interactive Software, Inc. has a twelve month low of $90.00 and a twelve month high of $178.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.94.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.15). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. Take-Two Interactive Software had a positive return on equity of 6.01% and a negative net margin of 2.44%. On average, equities analysts predict that Take-Two Interactive Software, Inc. will post 2.21 earnings per share for the current year.

About Take-Two Interactive Software

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Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

See Also

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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