Nomura Asset Management Co. Ltd. Cuts Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Nomura Asset Management Co. Ltd. lessened its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 0.8% in the third quarter, HoldingsChannel.com reports. The firm owned 42,585 shares of the company’s stock after selling 364 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Take-Two Interactive Software were worth $5,979,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TTWO. Webster Bank N. A. purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $28,000. Spotlight Asset Group Inc. acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $29,000. BluePath Capital Management LLC acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $30,000. Whittier Trust Co. acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $30,000. Finally, Money Concepts Capital Corp grew its stake in Take-Two Interactive Software by 73.2% in the 4th quarter. Money Concepts Capital Corp now owns 284 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s stock.

Analyst Ratings Changes

TTWO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and increased their price objective for the company from $155.00 to $175.00 in a research note on Tuesday, November 14th. Benchmark increased their price objective on shares of Take-Two Interactive Software from $164.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets started coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.79.

View Our Latest Stock Analysis on TTWO

Insider Activity at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.15, for a total value of $1,257,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Michael Sheresky sold 244 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $156.40, for a total transaction of $38,161.60. Following the sale, the director now owns 63,905 shares in the company, valued at $9,994,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Strauss Zelnick sold 8,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.15, for a total transaction of $1,257,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,488 shares of company stock worth $4,966,793. Company insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

TTWO opened at $167.39 on Friday. The company’s 50 day simple moving average is $159.66 and its 200 day simple moving average is $148.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.85. Take-Two Interactive Software, Inc. has a 1 year low of $104.13 and a 1 year high of $169.56.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($3.20) EPS for the quarter, missing the consensus estimate of $1.02 by ($4.22). Take-Two Interactive Software had a negative net margin of 27.83% and a positive return on equity of 3.32%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 1.54 EPS for the current year.

About Take-Two Interactive Software

(Free Report)

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.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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