Beacon Pointe Advisors LLC Sells 203 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Beacon Pointe Advisors LLC decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,544 shares of the company’s stock after selling 203 shares during the period. Beacon Pointe Advisors LLC’s holdings in Take-Two Interactive Software were worth $1,053,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tectonic Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 4.2% in the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after buying an additional 69 shares in the last quarter. Drive Wealth Management LLC lifted its holdings in shares of Take-Two Interactive Software by 4.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after purchasing an additional 69 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Take-Two Interactive Software by 3.7% during the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after purchasing an additional 70 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Take-Two Interactive Software by 14.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock valued at $87,000 after buying an additional 70 shares during the last quarter. Finally, Lincoln National Corp increased its holdings in Take-Two Interactive Software by 1.6% in the 4th quarter. Lincoln National Corp now owns 5,215 shares of the company’s stock worth $839,000 after buying an additional 81 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $151.42 on Wednesday. The business has a 50-day moving average price of $146.74 and a 200-day moving average price of $153.12. Take-Two Interactive Software, Inc. has a twelve month low of $130.34 and a twelve month high of $171.59. The company has a quick ratio of 0.82, a current ratio of 0.94 and a debt-to-equity ratio of 0.61.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts predict that Take-Two Interactive Software, Inc. will post 4.26 earnings per share for the current year.

Analysts Set New Price Targets

TTWO has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday. Wedbush restated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a report on Friday, May 17th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, May 17th. Bank of America lowered their price target on Take-Two Interactive Software from $170.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, May 17th. Finally, Wells Fargo & Company lifted their price objective on Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $176.13.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the 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 completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is currently owned by insiders.

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.