Cambridge Investment Research Advisors Inc. Lowers Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 8.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,003 shares of the company’s stock after selling 834 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Take-Two Interactive Software were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently 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% during 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% during 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. bought a new stake in shares of Take-Two Interactive Software during 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% during 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% during 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 own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTWO shares. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $145.00 to $158.00 in a research report on Thursday. Wedbush boosted their price target on shares of Take-Two Interactive Software from $130.00 to $154.00 in a research report on Thursday. Stifel Nicolaus boosted their price target on shares of Take-Two Interactive Software from $150.00 to $165.00 in a research report on Thursday. KeyCorp reduced their price target on shares of Take-Two Interactive Software from $125.00 to $124.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 7th. Finally, Wells Fargo & Company boosted their price target on shares of Take-Two Interactive Software from $132.00 to $160.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.31.

Take-Two Interactive Software Stock Down 1.6 %

NASDAQ:TTWO opened at $137.43 on Friday. Take-Two Interactive Software, Inc. has a 1-year low of $90.00 and a 1-year high of $141.96. The company has a 50-day moving average of $121.63 and a 200 day moving average of $111.64. The firm has a market cap of $23.18 billion, a PE ratio of -20.12, a price-to-earnings-growth ratio of 2.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.87.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings data on Wednesday, May 17th. The company reported ($3.62) earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($4.30). Take-Two Interactive Software had a positive return on equity of 3.52% and a negative net margin of 21.02%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company earned $0.87 earnings per share. The firm’s revenue was up 64.7% compared to the same quarter last year. As a group, research analysts anticipate that Take-Two Interactive Software, Inc. will post 3.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Karl Slatoff sold 68,351 shares of the company’s 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 sale, the president now directly owns 262,678 shares of the company’s stock, valued at $32,078,237.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.13% of the stock is owned by insiders.

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.