SG Americas Securities LLC Trims Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

SG Americas Securities LLC lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 36.8% during the 4th quarter, Holdings Channel reports. The firm owned 2,500 shares of the company’s stock after selling 1,454 shares during the quarter. SG Americas Securities LLC’s holdings in Take-Two Interactive Software were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TTWO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Take-Two Interactive Software by 6.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,443 shares of the company’s stock valued at $2,374,000 after buying an additional 971 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Take-Two Interactive Software by 1.8% in the first quarter. Yousif Capital Management LLC now owns 16,817 shares of the company’s stock valued at $2,585,000 after buying an additional 300 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of Take-Two Interactive Software in the first quarter valued at approximately $206,000. Dimensional Fund Advisors LP raised its position in shares of Take-Two Interactive Software by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 512,184 shares of the company’s stock valued at $78,757,000 after buying an additional 5,382 shares during the last quarter. Finally, Blair William & Co. IL raised its position in shares of Take-Two Interactive Software by 3.2% in the first quarter. Blair William & Co. IL now owns 41,602 shares of the company’s stock valued at $6,396,000 after buying an additional 1,289 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $120.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, April 6th. Bank of America upped their price target on shares of Take-Two Interactive Software from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, April 10th. Barclays upped their price target on shares of Take-Two Interactive Software from $130.00 to $141.00 and gave the stock an “overweight” rating in a research report on Thursday, April 13th. Stifel Nicolaus upped their price target on shares of Take-Two Interactive Software from $127.00 to $150.00 in a research report on Tuesday, May 2nd. Finally, StockNews.com raised shares of Take-Two Interactive Software to a “sell” rating in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $136.88.

Insider Activity

In other news, President Karl Slatoff sold 68,351 shares of Take-Two Interactive Software stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $122.12, for a total value of $8,347,024.12. Following the completion of the transaction, the president now directly owns 262,678 shares of the company’s stock, valued at approximately $32,078,237.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.13% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $124.60 on Wednesday. The firm has a market cap of $21.02 billion, a P/E ratio of -55.13, a P/E/G ratio of 2.11 and a beta of 0.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. Take-Two Interactive Software, Inc. has a 1-year low of $90.00 and a 1-year high of $137.43. The firm has a fifty day moving average of $119.36 and a two-hundred day moving average of $111.20.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its quarterly earnings results on Monday, February 6th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.88 by ($1.79). Take-Two Interactive Software had a negative net margin of 8.35% and a positive return on equity of 4.37%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 59.6% on a year-over-year basis. As a group, research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.81 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

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Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.