Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Holdings Lowered by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 58.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,939 shares of the company’s stock after selling 2,775 shares during the period. J.W. Cole Advisors Inc.’s holdings in Take-Two Interactive Software were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wetzel Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $26,000. Cornerstone Investment Partners LLC lifted its stake in shares of Take-Two Interactive Software by 5,801.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 199,765 shares of the company’s stock worth $32,152,000 after buying an additional 196,380 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Take-Two Interactive Software by 7.8% in the fourth quarter. Federated Hermes Inc. now owns 48,369 shares of the company’s stock worth $7,785,000 after buying an additional 3,487 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Take-Two Interactive Software by 95.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 390 shares of the company’s stock worth $63,000 after buying an additional 190 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Take-Two Interactive Software by 19.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 30,904 shares of the company’s stock worth $4,974,000 after buying an additional 5,107 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTWO. Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their target price for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. JPMorgan Chase & Co. cut their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Finally, Roth Mkm upped their target price on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Take-Two Interactive Software Stock Up 0.8 %

TTWO opened at $142.83 on Thursday. The firm’s 50-day simple moving average is $147.78 and its 200-day simple moving average is $152.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59. The firm has a market cap of $24.37 billion, a price-to-earnings ratio of -16.65, a PEG ratio of 1.21 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the transaction, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

About Take-Two Interactive Software

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 Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.