Take-Two Interactive Software, Inc. $TTWO Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 41.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,249 shares of the company’s stock after selling 3,057 shares during the period. Cresset Asset Management LLC’s holdings in Take-Two Interactive Software were worth $1,032,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TTWO. ORG Partners LLC increased its holdings in Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. lifted its holdings in Take-Two Interactive Software by 101.9% during the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after buying an additional 53 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $27,000. 1 North Wealth Services LLC bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at approximately $29,000. Finally, Game Plan Financial Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wedbush lifted their price objective on shares of Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. B. Riley assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday. They issued a “buy” rating and a $300.00 price target for the company. DA Davidson boosted their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Finally, Jefferies Financial Group upped their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Twenty analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.33.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of the stock in a transaction on 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 transaction, the director directly owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the sale, the director directly owned 2,716 shares in the company, valued at $640,840.20. This represents a 13.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,421 shares of company stock worth $349,042 in the last quarter. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Down 1.1%

NASDAQ:TTWO opened at $246.02 on Thursday. The stock has a market cap of $45.46 billion, a price-to-earnings ratio of -10.89, a PEG ratio of 3.97 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. Take-Two Interactive Software, Inc. has a 1 year low of $177.35 and a 1 year high of $264.79. The business has a fifty day moving average of $249.23 and a 200-day moving average of $240.77.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.13. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.08) earnings per share. Equities analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

About Take-Two Interactive Software

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.