Advisors Asset Management Inc. Lowers Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Advisors Asset Management Inc. lowered its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 945 shares of the company’s stock after selling 111 shares during the period. Advisors Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crewe Advisors LLC grew its stake in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 143 shares during the last quarter. UMB Bank n.a. boosted its stake in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in Take-Two Interactive Software during the 2nd quarter valued at about $37,000. Blue Trust Inc. raised its holdings in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after buying an additional 193 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 69.3% in the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after buying an additional 115 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of recent analyst reports. TD Cowen boosted their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Wedbush reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Bank of America reissued a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. The Goldman Sachs Group raised their price target on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.75.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Up 1.5 %

TTWO stock opened at $188.38 on Friday. The business’s 50-day moving average price is $164.87 and its 200-day moving average price is $157.54. The stock has a market cap of $33.08 billion, a P/E ratio of -8.90, a PEG ratio of 5.59 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $190.43.

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.