Investors Sell TAKE-TWO INTERACTIVE SOFTWARE (TTWO) on Strength (TTWO)

Traders sold shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) on strength during trading hours on Thursday. $72.80 million flowed into the stock on the tick-up and $95.87 million flowed out of the stock on the tick-down, for a money net flow of $23.07 million out of the stock. Of all companies tracked, TAKE-TWO INTERACTIVE SOFTWARE had the 0th highest net out-flow for the day. TAKE-TWO INTERACTIVE SOFTWARE traded up $0.01 for the day and closed at $122.26

Several research firms have recently commented on TTWO. ValuEngine raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 15th. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Wedbush set a $150.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company an “outperform” rating in a research note on Friday, August 3rd. Barclays set a $138.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $139.00.

The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 73.74, a P/E/G ratio of 2.76 and a beta of 0.99.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. The business had revenue of $288.33 million during the quarter, compared to the consensus estimate of $258.95 million. Sell-side analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, VP Daniel P. Emerson sold 13,268 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total value of $1,640,322.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lainie Goldstein sold 27,100 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $130.10, for a total value of $3,525,710.00. The disclosure for this sale can be found here. Insiders sold a total of 66,676 shares of company stock valued at $8,594,500 over the last 90 days. 1.07% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 1,925,576 shares of the company’s stock worth $227,911,000 after purchasing an additional 72,090 shares during the period. Point72 Asset Management L.P. boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 45.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock valued at $219,007,000 after acquiring an additional 575,392 shares during the last quarter. Northern Trust Corp boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.6% during the 2nd quarter. Northern Trust Corp now owns 1,183,859 shares of the company’s stock valued at $140,121,000 after acquiring an additional 7,441 shares during the last quarter. American Century Companies Inc. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at approximately $136,745,000. Finally, USS Investment Management Ltd boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 43.0% during the 2nd quarter. USS Investment Management Ltd now owns 1,103,602 shares of the company’s stock valued at $130,628,000 after acquiring an additional 332,000 shares during the last quarter. Institutional investors and hedge funds own 92.55% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile (NASDAQ:TTWO)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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