Deepwater Asset Management LLC Sells 398 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Deepwater Asset Management LLC trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% during the third quarter, Holdings Channel.com reports. The firm owned 10,307 shares of the company’s stock after selling 398 shares during the period. Take-Two Interactive Software accounts for approximately 0.6% of Deepwater Asset Management LLC’s holdings, making the stock its 21st largest position. Deepwater Asset Management LLC’s holdings in Take-Two Interactive Software were worth $1,584,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ORG Partners LLC lifted its position in shares of Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Crewe Advisors LLC lifted its holdings in Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 143 shares during the period. UMB Bank n.a. lifted its holdings in Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. HHM Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. lifted its holdings in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TTWO shares. Benchmark increased their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Finally, Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 target price for the company. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Buy” and a consensus target price of $185.60.

Take-Two Interactive Software Stock Down 0.6 %

Shares of TTWO stock opened at $160.75 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59. The firm’s fifty day moving average price is $155.43 and its two-hundred day moving average price is $152.36. The firm has a market capitalization of $28.18 billion, a P/E ratio of -7.21, a PEG ratio of 4.94 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, equities analysts predict that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current fiscal year.

About Take-Two Interactive Software

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.