Advisors Asset Management Inc. Sells 111 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Advisors Asset Management Inc. reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.5% during the third quarter, HoldingsChannel.com reports. The fund owned 945 shares of the company’s stock after selling 111 shares during the quarter. Advisors Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $145,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Take-Two Interactive Software by 4.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock worth $737,684,000 after purchasing an additional 192,774 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after acquiring an additional 666,198 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Take-Two Interactive Software by 49.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company’s stock valued at $251,797,000 after acquiring an additional 538,906 shares during the last quarter. DNB Asset Management AS grew its holdings in shares of Take-Two Interactive Software by 6.7% in the second quarter. DNB Asset Management AS now owns 1,406,841 shares of the company’s stock valued at $218,750,000 after purchasing an additional 88,908 shares in the last quarter. Finally, Ninety One UK Ltd raised its stake in Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after purchasing an additional 1,047,979 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Stifel Nicolaus raised their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, TD Cowen boosted their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.75.

Take-Two Interactive Software Trading Up 1.5 %

NASDAQ TTWO opened at $188.38 on Friday. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $190.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $33.08 billion, a price-to-earnings ratio of -8.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.85. The company’s 50-day simple moving average is $164.87 and its two-hundred day simple moving average is $157.54.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.