FDx Advisors Inc. Sells 216 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

FDx Advisors Inc. lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,370 shares of the company’s stock after selling 216 shares during the quarter. FDx Advisors Inc.’s holdings in Take-Two Interactive Software were worth $247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its position in shares of Take-Two Interactive Software by 82.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 236 shares of the company’s stock worth $25,000 after buying an additional 107 shares during the period. CI Investments Inc. raised its position in Take-Two Interactive Software by 161.9% in the 3rd quarter. CI Investments Inc. now owns 309 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Heritage Wealth Advisors raised its position in Take-Two Interactive Software by 257.4% in the 4th quarter. Heritage Wealth Advisors now owns 386 shares of the company’s stock valued at $40,000 after purchasing an additional 278 shares during the last quarter. First Horizon Advisors Inc. raised its position in Take-Two Interactive Software by 154.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 384 shares of the company’s stock valued at $41,000 after purchasing an additional 233 shares during the last quarter. Finally, Standard Family Office LLC bought a new position in Take-Two Interactive Software in the 3rd quarter valued at $42,000. Institutional investors own 87.72% of the company’s stock.

Insider Activity

In related news, President Karl Slatoff sold 68,351 shares of the company’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $122.12, for a total transaction of $8,347,024.12. Following the sale, the president now owns 262,678 shares in the company, valued at $32,078,237.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTWO. Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $150.00 to $165.00 in a research report on Thursday, May 18th. Robert W. Baird lifted their price objective on Take-Two Interactive Software from $120.00 to $155.00 in a research report on Thursday, May 18th. MKM Partners lowered their target price on Take-Two Interactive Software from $140.00 to $130.00 in a research note on Tuesday, February 7th. Morgan Stanley lifted their target price on Take-Two Interactive Software from $145.00 to $158.00 in a research note on Thursday, May 18th. Finally, JPMorgan Chase & Co. lowered their target price on Take-Two Interactive Software from $144.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.46.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $135.84 on Thursday. The stock’s 50-day moving average is $123.04 and its 200-day moving average is $112.16. Take-Two Interactive Software, Inc. has a one year low of $90.00 and a one year high of $141.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.65.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last issued its quarterly earnings results on Wednesday, May 17th. The company reported ($3.62) EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($4.30). The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.34 billion. Take-Two Interactive Software had a negative net margin of 21.02% and a positive return on equity of 3.52%. The business’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. Research analysts anticipate that Take-Two Interactive Software, Inc. will post 3.1 earnings per share for the current year.

Take-Two Interactive Software Company Profile

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Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.