Take-Two Interactive Software, Inc. $TTWO Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 567,727 shares of the company’s stock after selling 57,724 shares during the quarter. Raymond James Financial Inc. owned about 0.32% of Take-Two Interactive Software worth $117,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Take-Two Interactive Software by 2.6% during the first quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company’s stock valued at $4,117,123,000 after buying an additional 506,026 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Take-Two Interactive Software by 1.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company’s stock valued at $1,110,510,000 after buying an additional 89,093 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company’s stock valued at $878,567,000 after buying an additional 13,555 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Take-Two Interactive Software by 6.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company’s stock valued at $833,470,000 after buying an additional 287,194 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Take-Two Interactive Software by 11.0% during the first quarter. Invesco Ltd. now owns 2,975,192 shares of the company’s stock valued at $616,609,000 after buying an additional 294,378 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen lowered Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Wedbush upped their target price on Take-Two Interactive Software from $269.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, August 8th. DA Davidson upped their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 16th. Citigroup upped their target price on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.60.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $232.55 on Tuesday. The stock has a fifty day moving average price of $233.66 and a two-hundred day moving average price of $221.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $42.90 billion, a P/E ratio of -9.71, a PEG ratio of 5.84 and a beta of 0.99. Take-Two Interactive Software, Inc. has a 1 year low of $146.76 and a 1 year high of $245.07.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.33. The firm had revenue of $1,503,800 billion during the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted ($1.52) EPS. Research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the transaction, the insider directly owned 152,271 shares of the company’s stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the sale, the chief executive officer directly owned 1,206,427 shares of the company’s stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 461,990 shares of company stock worth $104,292,000 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.