Traders Sell Take-Two Interactive Software (TTWO) on Strength (TTWO)
Traders sold shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) on strength during trading on Thursday. $31.15 million flowed into the stock on the tick-up and $87.47 million flowed out of the stock on the tick-down, for a money net flow of $56.32 million out of the stock. Of all companies tracked, Take-Two Interactive Software had the 16th highest net out-flow for the day. Take-Two Interactive Software traded up $1.28 for the day and closed at $109.02
Several brokerages recently weighed in on TTWO. Barclays began coverage on Take-Two Interactive Software in a report on Wednesday, October 4th. They set an “overweight” rating and a $115.00 target price for the company. KeyCorp restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, October 17th. Credit Suisse Group restated a “hold” rating and set a $116.00 target price on shares of Take-Two Interactive Software in a report on Thursday, December 7th. Buckingham Research began coverage on Take-Two Interactive Software in a report on Wednesday, September 20th. They set a “buy” rating and a $120.00 target price for the company. Finally, ValuEngine cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned 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 an average target price of $112.90.
The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12,290.00, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. Janney Montgomery Scott LLC lifted its holdings in Take-Two Interactive Software by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock worth $715,000 after buying an additional 39 shares during the period. Bessemer Group Inc. purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at approximately $800,000. Cigna Investments Inc. New lifted its stake in shares of Take-Two Interactive Software by 1.3% in the 2nd quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock valued at $291,000 after purchasing an additional 52 shares during the period. Arizona State Retirement System lifted its stake in shares of Take-Two Interactive Software by 3.8% in the 2nd quarter. Arizona State Retirement System now owns 43,800 shares of the company’s stock valued at $3,214,000 after purchasing an additional 1,600 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at approximately $3,589,000. Institutional investors and hedge funds own 91.26% of the company’s stock.
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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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