Take-Two Interactive Software, Inc. $TTWO Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 93.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,731 shares of the company’s stock after selling 25,588 shares during the period. BLB&B Advisors LLC’s holdings in Take-Two Interactive Software were worth $447,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of Take-Two Interactive Software by 1,133.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 13,474 shares of the company’s stock worth $3,481,000 after purchasing an additional 12,382 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Take-Two Interactive Software by 38.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 102,178 shares of the company’s stock worth $26,399,000 after buying an additional 28,472 shares during the period. Westfuller Advisors LLC acquired a new stake in Take-Two Interactive Software in the third quarter worth $122,000. Emerald Mutual Fund Advisers Trust lifted its stake in Take-Two Interactive Software by 25.6% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 799 shares of the company’s stock valued at $206,000 after buying an additional 163 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of Take-Two Interactive Software during the third quarter valued at $2,958,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

TTWO opened at $245.73 on Monday. The business has a 50 day moving average price of $246.45 and a two-hundred day moving average price of $243.66. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $45.41 billion, a price-to-earnings ratio of -10.88, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 1-year low of $181.86 and a 1-year high of $264.79.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Jefferies Financial Group raised their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. UBS Group downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, CICC Research started coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $272.68.

Insider Transactions at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. The trade was a 14.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 sale, the director owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,010 shares of company stock valued at $242,102 over the last three months. 1.34% of the stock is owned by corporate insiders.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.