Stephens Investment Management Group LLC Lowers Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Stephens Investment Management Group LLC lessened its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 383,812 shares of the company’s stock after selling 24,075 shares during the period. Take-Two Interactive Software makes up 1.3% of Stephens Investment Management Group LLC’s portfolio, making the stock its 13th largest position. Stephens Investment Management Group LLC’s holdings in Take-Two Interactive Software were worth $99,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TTWO. ORG Partners LLC grew its stake in shares of Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 53 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth $27,000. Pinnacle Bancorp Inc. purchased a new position in Take-Two Interactive Software in the 3rd quarter valued at $29,000. Finally, LGT Financial Advisors LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $34,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Down 1.7%

TTWO stock opened at $240.14 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $246.09 and its 200 day moving average price is $243.61. Take-Two Interactive Software, Inc. has a 52 week low of $179.61 and a 52 week high of $264.79. The company has a market cap of $44.37 billion, a P/E ratio of -10.63, a P/E/G ratio of 3.90 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company posted ($2.08) earnings per share. On average, research analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TTWO shares. CICC Research assumed coverage on shares of Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price objective for the company. 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. Jefferies Financial Group increased their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Wedbush boosted their target price on Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.57.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software 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 owned 65,781 shares of the company’s stock, valued at $15,465,770.91. The trade was a 0.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the sale, the director owned 2,716 shares in the company, valued at $640,840.20. This represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,010 shares of company stock valued at $242,102. 1.34% of the stock is currently owned by 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.