Royal Bank of Canada decreased its stake in shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) by 65.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,386 shares of the company’s stock after selling 1,982,195 shares during the period. Royal Bank of Canada owned approximately 1.22% of Take-Two Interactive Software worth $38,997,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TTWO. Schwab Charles Investment Management Inc. raised its stake in Take-Two Interactive Software by 34.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 681,476 shares of the company’s stock valued at $25,842,000 after buying an additional 174,558 shares in the last quarter. Amalgamated Bank raised its stake in Take-Two Interactive Software by 7.0% in the second quarter. Amalgamated Bank now owns 9,630 shares of the company’s stock valued at $399,000 after buying an additional 633 shares in the last quarter. GLG LLC purchased a new stake in Take-Two Interactive Software during the second quarter valued at about $5,688,000. Point72 Asset Management L.P. purchased a new stake in Take-Two Interactive Software during the second quarter valued at about $33,021,000. Finally, Arizona State Retirement System raised its stake in Take-Two Interactive Software by 1.4% in the second quarter. Arizona State Retirement System now owns 44,005 shares of the company’s stock valued at $1,669,000 after buying an additional 600 shares in the last quarter.

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

Take-Two Interactive Software Inc. (NASDAQ:TTWO) traded down 2.04% during trading on Friday, hitting $47.64. The company had a trading volume of 1,690,005 shares. Take-Two Interactive Software Inc. has a 12-month low of $31.36 and a 12-month high of $50.19. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 2507.37 and a beta of 0.92. The firm has a 50-day moving average of $45.62 and a 200 day moving average of $41.51.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.16. The business had revenue of $420.20 million for the quarter, compared to analyst estimates of $1.64 billion. Take-Two Interactive Software had a return on equity of 23.87% and a net margin of 0.12%. Take-Two Interactive Software’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, equities research analysts forecast that Take-Two Interactive Software Inc. will post $1.73 earnings per share for the current year.

TTWO has been the topic of several analyst reports. Zacks Investment Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research report on Thursday, November 10th. MKM Partners reaffirmed a “buy” rating and issued a $55.00 target price (up from $52.00) on shares of Take-Two Interactive Software in a research report on Monday, November 7th. Cowen and Company reaffirmed an “outperform” rating and issued a $54.00 target price (up from $51.00) on shares of Take-Two Interactive Software in a research report on Sunday, November 6th. Benchmark Co. reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Sunday, November 6th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, November 3rd. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.17.

In other Take-Two Interactive Software news, CFO Lainie Goldstein sold 56,167 shares of Take-Two Interactive Software stock in a transaction on Monday, November 7th. The stock was sold at an average price of $49.76, for a total value of $2,794,869.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel P. Emerson sold 1,487 shares of Take-Two Interactive Software stock in a transaction on Monday, November 7th. The shares were sold at an average price of $49.51, for a total value of $73,621.37. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

5 Day Chart for NASDAQ:TTWO

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