William Blair Investment Management LLC cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,578,679 shares of the company’s stock after selling 206,035 shares during the period. William Blair Investment Management LLC owned 1.60% of Take-Two Interactive Software worth $115,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eqis Capital Management Inc. increased its position in shares of Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after buying an additional 957 shares during the period. UBS Group AG increased its position in shares of Take-Two Interactive Software by 25.5% in the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock valued at $5,201,000 after buying an additional 17,809 shares during the period. Advantus Capital Management Inc purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at approximately $770,000. Clinton Group Inc. increased its position in shares of Take-Two Interactive Software by 865.7% in the first quarter. Clinton Group Inc. now owns 98,198 shares of the company’s stock valued at $5,820,000 after buying an additional 88,029 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Take-Two Interactive Software by 17.7% in the first quarter. ProShare Advisors LLC now owns 18,390 shares of the company’s stock valued at $1,090,000 after buying an additional 2,764 shares during the period. Hedge funds and other institutional investors own 95.60% of the company’s stock.

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) opened at 92.07 on Monday. The company has a 50-day moving average of $81.73 and a 200-day moving average of $68.44. Take-Two Interactive Software, Inc. has a 1-year low of $40.63 and a 1-year high of $93.09. The company has a market cap of $9.62 billion, a PE ratio of 54.35 and a beta of 0.83.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. Take-Two Interactive Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.21) EPS. Equities analysts forecast that Take-Two Interactive Software, Inc. will post $2.16 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/21/take-two-interactive-software-inc-ttwo-stake-cut-by-william-blair-investment-management-llc.html.

TTWO has been the topic of several recent analyst reports. Piper Jaffray Companies lifted their target price on shares of Take-Two Interactive Software from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, June 7th. Zacks Investment Research downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. Benchmark Co. reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, April 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $74.00 target price (up previously from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $71.00 target price on shares of Take-Two Interactive Software in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Take-Two Interactive Software presently has a consensus rating of “Buy” and a consensus target price of $85.22.

In related news, CEO Strauss Zelnick sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.81, for a total transaction of $4,390,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the transaction, the director now directly owns 69,006 shares in the company, valued at $6,207,779.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,305 shares of company stock worth $12,321,946. 1.55% of the stock is owned by insiders.

Take-Two Interactive Software Company Profile

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.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

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

Receive News & Stock Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related stocks with our FREE daily email newsletter.