TimesSquare Capital Management LLC Sells 7,990 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

TimesSquare Capital Management LLC lessened its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 214,705 shares of the company’s stock after selling 7,990 shares during the period. TimesSquare Capital Management LLC’s holdings in Take-Two Interactive Software were worth $34,557,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TTWO. Raymond James Financial Services Advisors Inc. grew its stake in shares of Take-Two Interactive Software by 5.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,589 shares of the company’s stock worth $3,031,000 after purchasing an additional 1,095 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Take-Two Interactive Software by 2.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,405 shares of the company’s stock worth $4,269,000 after buying an additional 859 shares during the period. BluePath Capital Management LLC purchased a new stake in Take-Two Interactive Software in the 3rd quarter worth approximately $30,000. IFM Investors Pty Ltd grew its position in shares of Take-Two Interactive Software by 2.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 32,135 shares of the company’s stock worth $4,511,000 after buying an additional 685 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $422,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of several recent analyst reports. BMO Capital Markets assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target on the stock. Moffett Nathanson cut shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $167.00 in a research report on Monday, February 5th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price target on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $200.00 in a research report on Monday, April 8th. Finally, Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.61.

Take-Two Interactive Software Stock Down 1.6 %

Shares of TTWO traded down $2.36 on Wednesday, hitting $145.97. 1,230,636 shares of the stock traded hands, compared to its average volume of 1,609,852. Take-Two Interactive Software, Inc. has a one year low of $121.72 and a one year high of $171.59. The company has a market capitalization of $24.90 billion, a PE ratio of -17.01, a P/E/G ratio of 1.21 and a beta of 0.75. The business has a 50 day simple moving average of $146.45 and a 200 day simple moving average of $152.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. As a group, equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.