Bessemer Securities LLC Sells 7,600 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Bessemer Securities LLC reduced its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 53.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,732 shares of the company’s stock after selling 7,600 shares during the period. Bessemer Securities LLC’s holdings in Take-Two Interactive Software were worth $991,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Take-Two Interactive Software by 6.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,443 shares of the company’s stock worth $2,374,000 after buying an additional 971 shares during the last quarter. Yousif Capital Management LLC grew its stake 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 worth $2,585,000 after acquiring an additional 300 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Take-Two Interactive Software during the first quarter valued at $206,000. Dimensional Fund Advisors LP increased its holdings 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 acquiring an additional 5,382 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of Take-Two Interactive Software by 3.2% in the 1st quarter. Blair William & Co. IL now owns 41,602 shares of the company’s stock worth $6,396,000 after purchasing an additional 1,289 shares during the last quarter. Institutional investors own 89.95% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO traded up $0.76 during midday trading on Monday, reaching $155.15. The company had a trading volume of 152,533 shares, compared to its average volume of 1,608,533. The business has a 50-day moving average of $141.67 and a two-hundred day moving average of $140.91. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a 1 year low of $96.00 and a 1 year high of $156.21. The company has a market cap of $26.39 billion, a P/E ratio of -17.25, a P/E/G ratio of 2.84 and a beta of 0.68.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, November 8th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($4.22). Take-Two Interactive Software had a positive return on equity of 3.32% and a negative net margin of 27.83%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and set a $167.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, September 13th. Barclays boosted their price objective on shares of Take-Two Interactive Software from $160.00 to $161.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Roth Mkm increased their target price on Take-Two Interactive Software from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Morgan Stanley boosted their price target on Take-Two Interactive Software from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Finally, Truist Financial dropped their price objective on Take-Two Interactive Software from $158.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.88.

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, 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.