Take-Two Interactive Software, Inc. (TTWO) Short Interest Down 33.4% in October

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw a significant decrease in short interest in the month of October. As of October 13th, there was short interest totalling 2,573,768 shares, a decrease of 33.4% from the September 29th total of 3,864,000 shares. Based on an average daily volume of 1,579,749 shares, the short-interest ratio is currently 1.6 days. Approximately 2.5% of the company’s shares are short sold.

Take-Two Interactive Software (TTWO) opened at 107.84 on Monday. The stock has a market cap of $11.27 billion, a PE ratio of 63.66 and a beta of 0.78. The stock’s 50 day moving average is $102.58 and its 200 day moving average is $83.50. Take-Two Interactive Software has a 52 week low of $43.33 and a 52 week high of $108.04.

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

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp lifted its holdings in Take-Two Interactive Software by 6.4% during the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Smithfield Trust Co. purchased a new position in Take-Two Interactive Software during the second quarter valued at $125,000. Crow Point Partners LLC lifted its holdings in Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after purchasing an additional 689 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in Take-Two Interactive Software during the second quarter valued at $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Take-Two Interactive Software during the second quarter valued at $183,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on TTWO. Stifel Nicolaus restated a “buy” rating and issued a $87.00 price objective on shares of Take-Two Interactive Software in a report on Monday, July 10th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $112.00 price objective (up from $93.00) on shares of Take-Two Interactive Software in a report on Monday, September 25th. Jefferies Group LLC restated a “buy” rating and issued a $108.00 price objective (up from $91.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Cowen and Company restated a “buy” rating and issued a $79.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 11th. Finally, Buckingham Research began coverage on shares of Take-Two Interactive Software in a report on Wednesday, September 20th. They issued a “buy” rating and a $120.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $94.20.

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Take-Two Interactive Software Company Profile

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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