Cwm LLC Trims Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cwm LLC reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,212 shares of the company’s stock after selling 1,644 shares during the quarter. Cwm LLC’s holdings in Take-Two Interactive Software were worth $6,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Take-Two Interactive Software by 1.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock worth $662,690,000 after purchasing an additional 84,633 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Take-Two Interactive Software by 8.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,170,470 shares of the company’s stock worth $585,492,000 after acquiring an additional 321,632 shares during the period. Boston Partners raised its stake in shares of Take-Two Interactive Software by 10.5% during the third quarter. Boston Partners now owns 2,893,303 shares of the company’s stock valued at $405,792,000 after acquiring an additional 275,368 shares in the last quarter. Northern Trust Corp raised its stake in shares of Take-Two Interactive Software by 2.8% during the third quarter. Northern Trust Corp now owns 1,625,005 shares of the company’s stock valued at $228,134,000 after acquiring an additional 44,826 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Take-Two Interactive Software by 8.1% during the fourth quarter. Nordea Investment Management AB now owns 706,322 shares of the company’s stock valued at $114,389,000 after acquiring an additional 52,976 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TTWO shares. The Goldman Sachs Group lifted their price target on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, April 19th. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Insider Activity

In other news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $141.72 on Wednesday. The firm’s fifty day simple moving average is $148.03 and its two-hundred day simple moving average is $152.27. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a 12-month low of $119.57 and a 12-month high of $171.59. The firm has a market capitalization of $24.18 billion, a P/E ratio of -16.52, a P/E/G ratio of 1.19 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) 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 analysts’ expectations of $1.34 billion. Analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Take-Two Interactive Software Profile

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.