Castleark Management LLC Lowers Holdings in Take-Two Interactive Software, Inc. (TTWO)

Castleark Management LLC decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 55.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,030 shares of the company’s stock after selling 136,840 shares during the period. Castleark Management LLC owned approximately 0.10% of Take-Two Interactive Software worth $7,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTWO. Neuberger Berman Group LLC raised its holdings in Take-Two Interactive Software by 0.7% during the first quarter. Neuberger Berman Group LLC now owns 31,730 shares of the company’s stock worth $1,881,000 after buying an additional 230 shares during the last quarter. Credit Agricole S A purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $843,000. Wellington Management Group LLP raised its holdings in shares of Take-Two Interactive Software by 9.6% in the first quarter. Wellington Management Group LLP now owns 872,649 shares of the company’s stock valued at $51,723,000 after purchasing an additional 76,726 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 0.5% in the first quarter. Teachers Advisors LLC now owns 635,386 shares of the company’s stock valued at $37,659,000 after purchasing an additional 2,869 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Take-Two Interactive Software by 57.1% in the first quarter. California Public Employees Retirement System now owns 217,600 shares of the company’s stock valued at $12,897,000 after purchasing an additional 79,100 shares during the last quarter. Hedge funds and other institutional investors own 96.69% of the company’s stock.

Several analysts have recently commented on the stock. Cowen and Company downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 target price for the company. in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 target price on shares of Take-Two Interactive Software in a report on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 target price on shares of Take-Two Interactive Software in a report on Friday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $112.00 target price (up previously from $93.00) on shares of Take-Two Interactive Software in a report on Monday, September 25th. Finally, Buckingham Research assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday, September 20th. They issued a “buy” rating and a $120.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $92.95.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock valued at $7,677,331 over the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

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Shares of Take-Two Interactive Software, Inc. (TTWO) traded up 0.45% during trading on Friday, reaching $103.91. 193,519 shares of the company’s stock were exchanged. Take-Two Interactive Software, Inc. has a 12 month low of $42.65 and a 12 month high of $107.53. The stock has a 50-day moving average price of $100.07 and a 200 day moving average price of $79.85. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 61.34 and a beta of 0.78.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) EPS. On average, analysts forecast that Take-Two Interactive Software, Inc. will post $2.21 EPS for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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