Chapin Davis Inc. Lowers Holdings in Take-Two Interactive Software, Inc. $TTWO

Chapin Davis Inc. decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 89.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,707 shares of the company’s stock after selling 23,467 shares during the period. Chapin Davis Inc.’s holdings in Take-Two Interactive Software were worth $699,000 at the end of the most recent reporting period.

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

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction that occurred 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 owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the company’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 transaction, the director owned 2,716 shares of the company’s stock, valued at approximately $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,007 shares of company stock valued at $247,095 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the topic of several research reports. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. CICC Research began coverage on Take-Two Interactive Software in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 target price for the company. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research report on Monday, December 1st. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Twenty investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.33.

Take-Two Interactive Software Stock Up 2.5%

Shares of NASDAQ:TTWO opened at $246.65 on Friday. The company’s fifty day moving average is $247.50 and its two-hundred day moving average is $241.39. 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 stock has a market capitalization of $45.58 billion, a price-to-earnings ratio of -10.92, a price-to-earnings-growth ratio of 3.84 and a beta of 0.96.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted ($2.08) EPS. Equities analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

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.