Kornitzer Capital Management Inc. KS Decreases Position in Take-Two Interactive Software, Inc. (TTWO)

Kornitzer Capital Management Inc. KS trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 29.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 233,135 shares of the company’s stock after selling 97,365 shares during the period. Kornitzer Capital Management Inc. KS owned 0.22% of Take-Two Interactive Software worth $23,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Nuveen Asset Management LLC boosted its position in Take-Two Interactive Software by 1,011.3% in the 1st quarter. Nuveen Asset Management LLC now owns 67,410 shares of the company’s stock valued at $3,995,000 after buying an additional 61,344 shares during the last quarter. KAMES CAPITAL plc acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $1,080,000. Glaxis Capital Management LLC acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $881,000. Gateway Investment Advisers LLC acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $6,544,000. Finally, Creative Planning raised its stake in shares of Take-Two Interactive Software by 338.7% in the 2nd quarter. Creative Planning now owns 4,492 shares of the company’s stock valued at $330,000 after purchasing an additional 3,468 shares in the last quarter. 97.39% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) opened at $109.46 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11,533.20, a P/E ratio of 50.67, a PEG ratio of 5.09 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 1-year low of $45.87 and a 1-year high of $111.11.

In other news, Director Michael Sheresky sold 465 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were 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 $6,207,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.55% of the company’s stock.

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TTWO has been the topic of a number of recent analyst reports. KeyCorp set a $104.00 target price on shares of Take-Two Interactive Software and gave the company a “buy” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $96.00 price objective (up previously from $87.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Benchmark Co. reiterated a “buy” rating and set a $100.00 price objective (up previously from $85.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $108.00 price objective (up previously from $91.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Finally, Cowen and Company reiterated a “buy” rating and set a $79.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $96.30.

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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