Nisa Investment Advisors LLC Trims Stake in Take-Two Interactive Software, Inc. $TTWO

Nisa Investment Advisors LLC decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,760 shares of the company’s stock after selling 3,820 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Take-Two Interactive Software were worth $10,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. ORG Partners LLC boosted its stake in shares of Take-Two Interactive Software by 115.7% during the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after acquiring an additional 59 shares during the last quarter. Blue Trust Inc. lifted its holdings in Take-Two Interactive Software by 101.9% in the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 53 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth about $27,000. LGT Financial Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth about $34,000. Finally, NewSquare Capital LLC grew its holdings in shares of Take-Two Interactive Software by 55.3% during the second quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock worth $35,000 after buying an additional 52 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Down 0.7%

TTWO stock opened at $250.71 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The company has a market cap of $46.33 billion, a price-to-earnings ratio of -11.10, a PEG ratio of 4.00 and a beta of 0.92. The business has a fifty day simple moving average of $246.50 and a 200-day simple moving average of $243.49. Take-Two Interactive Software, Inc. has a 52 week low of $177.35 and a 52 week high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm earned ($2.08) earnings per share. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, equities research analysts expect that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTWO. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a report on Monday, December 1st. UBS Group lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Wedbush increased their target price on Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Twenty research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $266.86.

Insider Activity

In other news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the sale, the director owned 2,716 shares in the company, valued at approximately $640,840.20. The trade was a 13.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 182 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director directly owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,007 shares of company stock worth $247,095 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.