Take-Two Interactive Software, Inc. (TTWO) Position Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 722,989 shares of the company’s stock after selling 156,337 shares during the period. Ameriprise Financial Inc. owned approximately 0.80% of Take-Two Interactive Software worth $42,852,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Take-Two Interactive Software by 40.2% in the fourth quarter. FMR LLC now owns 3,110,549 shares of the company’s stock worth $153,319,000 after buying an additional 891,384 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Take-Two Interactive Software by 103.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,047,146 shares of the company’s stock worth $100,904,000 after buying an additional 1,042,700 shares during the last quarter. State Street Corp increased its stake in Take-Two Interactive Software by 3.3% in the fourth quarter. State Street Corp now owns 1,922,796 shares of the company’s stock worth $94,773,000 after buying an additional 60,597 shares during the last quarter. William Blair Investment Management LLC increased its stake in Take-Two Interactive Software by 1.6% in the fourth quarter. William Blair Investment Management LLC now owns 1,655,142 shares of the company’s stock worth $81,582,000 after buying an additional 26,801 shares during the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in Take-Two Interactive Software during the third quarter worth approximately $53,670,000.

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

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) traded up 0.20% during trading on Friday, reaching $74.16. 2,227,978 shares of the company’s stock were exchanged. Take-Two Interactive Software, Inc. has a 52-week low of $35.00 and a 52-week high of $80.54. The company has a 50 day moving average price of $71.60 and a 200-day moving average price of $59.28. The company has a market capitalization of $7.29 billion, a PE ratio of 103.72 and a beta of 0.66.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Tuesday, May 23rd. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. The business had revenue of $407.20 million for the quarter, compared to analysts’ expectations of $354.10 million. Take-Two Interactive Software had a net margin of 3.70% and a return on equity of 22.89%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post $1.68 earnings per share for the current year.

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Several brokerages recently issued reports on TTWO. Pacific Crest reiterated an “overweight” rating and issued a $74.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, April 26th. MKM Partners restated a “buy” rating and set a $80.00 target price (up from $63.00) on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Zacks Investment Research downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Saturday, February 18th. Robert W. Baird raised their target price on Take-Two Interactive Software from $53.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, May 24th. Finally, Bank of America Corporation raised their target price on Take-Two Interactive Software from $67.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.41.

In other Take-Two Interactive Software news, VP Daniel P. Emerson sold 18,440 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $76.21, for a total value of $1,405,312.40. Following the transaction, the vice president now directly owns 135,088 shares in the company, valued at $10,295,056.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Strauss Zelnick sold 35,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $78.53, for a total transaction of $2,748,550.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 447,077 shares of company stock worth $27,096,616. Company insiders own 2.50% of the company’s stock.

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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