MARSHALL WACE ASIA Ltd Sells 150,611 Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

MARSHALL WACE ASIA Ltd lowered its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 19.6% during the 1st quarter, HoldingsChannel reports. The fund owned 619,663 shares of the company’s stock after selling 150,611 shares during the period. TAKE-TWO INTERACTIVE SOFTWARE comprises 1.8% of MARSHALL WACE ASIA Ltd’s portfolio, making the stock its 28th biggest holding. MARSHALL WACE ASIA Ltd’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $58,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in shares of 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 buying an additional 125 shares in the last quarter. Evolution Wealth Advisors LLC increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 17.1% in the first quarter. Evolution Wealth Advisors LLC now owns 857 shares of the company’s stock valued at $81,000 after acquiring an additional 125 shares during the last quarter. First United Bank Trust increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 1.7% in the first quarter. First United Bank Trust now owns 8,001 shares of the company’s stock valued at $755,000 after acquiring an additional 130 shares during the last quarter. CSat Investment Advisory L.P. increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the first quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock valued at $32,000 after acquiring an additional 133 shares during the last quarter. Finally, First Hawaiian Bank increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 46.7% in the first quarter. First Hawaiian Bank now owns 440 shares of the company’s stock valued at $42,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Shares of NASDAQ:TTWO traded down $1.30 on Friday, reaching $109.42. 31,062 shares of the company traded hands, compared to its average volume of 1,510,828. The stock has a market capitalization of $12.23 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 3.37 and a beta of 0.83. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52 week low of $84.41 and a 52 week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). The business had revenue of $488.40 million during the quarter, compared to the consensus estimate of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.89 EPS for the current fiscal year.

A number of research firms recently commented on TTWO. ValuEngine raised TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. BidaskClub cut TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. BMO Capital Markets raised TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “market perform” rating and increased their target price for the company from $95.00 to $110.00 in a research note on Tuesday, June 4th. Zacks Investment Research cut TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. Finally, KeyCorp reduced their target price on TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $126.90.

In related news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $94.05, for a total value of $13,600,946.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.07% of the stock is owned by company insiders.

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TAKE-TWO INTERACTIVE SOFTWARE Company Profile

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.

Further Reading: How is Preferred Stock Different from Common Stock?

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO).

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

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