Stephens Investment Management Group LLC Cuts Position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

Stephens Investment Management Group LLC cut its stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 28.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 344,866 shares of the company’s stock after selling 139,229 shares during the period. Stephens Investment Management Group LLC’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $39,153,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. We Are One Seven LLC grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the second quarter. We Are One Seven LLC now owns 3,869 shares of the company’s stock worth $439,000 after acquiring an additional 86 shares in the last quarter. Kistler Tiffany Companies LLC lifted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 22.8% in the second quarter. Kistler Tiffany Companies LLC now owns 571 shares of the company’s stock worth $65,000 after purchasing an additional 106 shares during the last quarter. Keybank National Association OH lifted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the second quarter. Keybank National Association OH now owns 5,082 shares of the company’s stock worth $577,000 after purchasing an additional 114 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 121.0% in the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the first quarter. Daiwa Securities Group Inc. now owns 5,539 shares of the company’s stock worth $523,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

TTWO has been the subject of several recent research reports. KeyCorp boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. BMO Capital Markets raised shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $95.00 to $110.00 in a research note on Tuesday, June 4th. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Cowen boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, Wedbush reissued a “buy” rating and issued a $144.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $130.91.

Shares of NASDAQ:TTWO traded up $0.21 during midday trading on Thursday, hitting $126.43. 575,384 shares of the stock traded hands, compared to its average volume of 1,676,183. The stock has a market cap of $14.44 billion, a PE ratio of 32.58, a PEG ratio of 4.07 and a beta of 0.80. The stock’s 50 day simple moving average is $119.62. TAKE-TWO INTERACTIVE SOFTWARE, INC has a one year low of $84.41 and a one year high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.14. The firm had revenue of $422.24 million during the quarter, compared to the consensus estimate of $356.65 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The company’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, sell-side analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.88 earnings per share for the current year.

In other news, insider Daniel P. Emerson sold 8,758 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $109.92, for a total transaction of $962,679.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total transaction of $2,718,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,993 shares of company stock valued at $6,309,628. Insiders own 1.20% of the company’s stock.

About TAKE-TWO INTERACTIVE SOFTWARE

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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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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