IHT Wealth Management LLC lessened its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 592 shares of the company’s stock after selling 200 shares during the quarter. IHT Wealth Management LLC’s holdings in Take-Two Interactive Software were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position in shares of 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 valued at $715,000 after buying an additional 39 shares during the period. Cigna Investments Inc. New raised its position in shares of 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 valued at $291,000 after buying an additional 52 shares during the period. Fifth Third Bancorp raised its position in shares of Take-Two Interactive Software by 6.4% during the 1st quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of 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 valued at $528,000 after buying an additional 129 shares during the period. Finally, Neuberger Berman Group LLC raised its position in shares of 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 valued at $1,881,000 after buying an additional 230 shares during the period. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the stock. Cowen and Company lowered shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price target on the stock. in a research report on Monday. Barclays PLC assumed coverage on shares of Take-Two Interactive Software in a research report on Wednesday, October 4th. They set an “overweight” rating and a $115.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $112.00 price target (up previously from $93.00) on shares of Take-Two Interactive Software in a research report on Monday, September 25th. Buckingham Research assumed coverage on shares of Take-Two Interactive Software in a research report on Wednesday, September 20th. They set a “buy” rating and a $120.00 price target on the stock. Finally, Benchmark Co. reaffirmed a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Take-Two Interactive Software in a research report on Saturday, September 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Take-Two Interactive Software currently has a consensus rating of “Buy” and a consensus price target of $92.30.

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In related news, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of Take-Two Interactive Software stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.68, for a total transaction of $2,630,400.00. Following the sale, the chief financial officer now directly owns 409,019 shares in the company, valued at approximately $35,862,785.92. The disclosure for this sale can be found here. Insiders have sold a total of 87,465 shares of company stock worth $7,677,331 in the last ninety days. 1.55% of the stock is currently owned by insiders.

Take-Two Interactive Software, Inc. (TTWO) traded up 1.42% during trading on Wednesday, hitting $104.60. 261,741 shares of the company’s stock traded hands. The stock has a market cap of $11.07 billion, a P/E ratio of 60.11 and a beta of 0.78. Take-Two Interactive Software, Inc. has a 12-month low of $41.70 and a 12-month high of $107.53. The firm’s 50-day moving average price is $99.57 and its 200 day moving average price is $79.50.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. During the same quarter in the previous year, the firm posted ($0.21) EPS. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. Analysts anticipate that Take-Two Interactive Software, Inc. will post $2.21 earnings per share for the current fiscal year.

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.

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

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