Gabelli Funds LLC trimmed its holdings in Take-Two Interactive Software Inc (NASDAQ:TTWO) by 20.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 161,000 shares of the company’s stock after selling 40,200 shares during the quarter. Gabelli Funds LLC’s holdings in Take-Two Interactive Software were worth $17,675,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in TTWO. Voya Investment Management LLC grew its stake in Take-Two Interactive Software by 4.1% in the 2nd quarter. Voya Investment Management LLC now owns 38,261 shares of the company’s stock valued at $2,808,000 after buying an additional 1,513 shares in the last quarter. AHL Partners LLP purchased a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $1,343,000. Janus Henderson Group PLC purchased a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $712,000. Gotham Asset Management LLC purchased a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $3,299,000. Finally, Coldstream Capital Management Inc. purchased a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $230,000. Institutional investors and hedge funds own 90.97% of the company’s stock.
TTWO has been the subject of a number of recent analyst reports. MKM Partners boosted their price target on shares of Take-Two Interactive Software from $97.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, October 30th. ValuEngine lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird upgraded shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $137.00 in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their price target on shares of Take-Two Interactive Software from $105.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Jefferies Group restated a “buy” rating and set a $140.00 price target (up from $3.00) on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average target price of $115.78.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.22. Take-Two Interactive Software had a net margin of 6.58% and a return on equity of 27.10%. The company had revenue of $576.99 million for the quarter, compared to analysts’ expectations of $516.89 million. research analysts forecast that Take-Two Interactive Software Inc will post 2.24 EPS for the current fiscal year.
In other Take-Two Interactive Software news, Director Michael Dornemann sold 5,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $118.50, for a total value of $651,750.00. Following the sale, the director now owns 4,777 shares in the company, valued at $566,074.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.55% of the stock is currently owned by corporate insiders.
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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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