ProShare Advisors LLC lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 58.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,599 shares of the company’s stock after selling 10,791 shares during the quarter. ProShare Advisors LLC’s holdings in Take-Two Interactive Software were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in Take-Two Interactive Software by 0.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock worth $715,000 after purchasing an additional 39 shares during the last quarter. Cigna Investments Inc. New boosted its stake in Take-Two Interactive Software by 1.3% during the 2nd quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock worth $291,000 after purchasing an additional 52 shares during the last quarter. Fifth Third Bancorp boosted its stake in Take-Two Interactive Software by 6.4% during the 1st quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after purchasing an additional 101 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in Take-Two Interactive Software by 1.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,194 shares of the company’s stock worth $528,000 after purchasing an additional 129 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Take-Two Interactive Software by 0.7% during the 1st quarter. Neuberger Berman Group LLC now owns 31,730 shares of the company’s stock worth $1,881,000 after purchasing an additional 230 shares during the last quarter. 96.69% of the stock is currently owned by institutional investors.

Shares of Take-Two Interactive Software, Inc. (TTWO) opened at 102.98 on Thursday. The company has a 50-day moving average of $98.10 and a 200 day moving average of $77.99. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 60.79 and a beta of 0.78. Take-Two Interactive Software, Inc. has a one year low of $41.70 and a one year high of $103.28.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly 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. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same period last year, the company earned ($0.21) EPS. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. Equities research analysts forecast that Take-Two Interactive Software, Inc. will post $2.20 earnings per share for the current fiscal year.

In other Take-Two Interactive Software news, 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 value of $41,831.40. Following the sale, the director now directly owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the sale, the chief financial officer now directly owns 409,019 shares in the company, valued at $35,862,785.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,465 shares of company stock worth $7,677,331. 1.55% of the stock is owned by corporate insiders.

Several brokerages have issued reports on TTWO. Barclays PLC began coverage on shares of Take-Two Interactive Software in a research note on Wednesday. They set an “overweight” rating and a $115.00 target price on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $112.00 target price (up previously from $93.00) on shares of Take-Two Interactive Software in a research note on Monday, September 25th. Buckingham Research began coverage on shares of Take-Two Interactive Software in a research note on Wednesday, September 20th. They set a “buy” rating and a $120.00 target price on the stock. Benchmark Co. reaffirmed a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Take-Two Interactive Software in a research note on Saturday, September 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.30.

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Take-Two Interactive Software 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.

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

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