Congress Asset Management Co. Cuts Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Congress Asset Management Co. decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 653,244 shares of the company’s stock after selling 9,645 shares during the quarter. Congress Asset Management Co. owned approximately 0.37% of Take-Two Interactive Software worth $100,410,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Ninety One UK Ltd increased its holdings in shares of Take-Two Interactive Software by 473.2% in the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after acquiring an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Take-Two Interactive Software by 2,224.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock valued at $160,440,000 after acquiring an additional 1,034,000 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after acquiring an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after acquiring an additional 666,198 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Take-Two Interactive Software by 1,780.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock valued at $70,807,000 after acquiring an additional 436,150 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock traded down $0.85 during mid-day trading on Thursday, hitting $162.04. 187,407 shares of the company’s stock traded hands, compared to its average volume of 1,592,437. Take-Two Interactive Software, Inc. has a one year low of $132.17 and a one year high of $171.59. The company has a market cap of $28.40 billion, a PE ratio of -7.31, a price-to-earnings-growth ratio of 4.94 and a beta of 0.86. The firm has a 50 day moving average price of $155.64 and a 200 day moving average price of $152.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51.

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

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Jefferies Financial Group increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. Bank of America reaffirmed a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Finally, Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $185.60.

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.