First Horizon Advisors Inc. Sells 64 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

First Horizon Advisors Inc. decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223 shares of the company’s stock after selling 64 shares during the quarter. First Horizon Advisors Inc.’s holdings in Take-Two Interactive Software were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. Massachusetts Financial Services Co. MA grew its stake in shares of Take-Two Interactive Software by 4.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock valued at $737,684,000 after acquiring an additional 192,774 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in 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 purchasing an additional 666,198 shares during the period. Boston Partners grew its position in shares of Take-Two Interactive Software by 1.8% during the 1st quarter. Boston Partners now owns 2,697,648 shares of the company’s stock worth $400,379,000 after purchasing an additional 48,909 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Take-Two Interactive Software by 49.9% during the second quarter. 1832 Asset Management L.P. now owns 1,619,380 shares of the company’s stock worth $251,797,000 after purchasing an additional 538,906 shares during the period. Finally, DNB Asset Management AS raised its position in shares of Take-Two Interactive Software by 6.7% in the second quarter. DNB Asset Management AS now owns 1,406,841 shares of the company’s stock valued at $218,750,000 after buying an additional 88,908 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Trading Down 0.3 %

Shares of NASDAQ TTWO opened at $187.62 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $190.43. The stock has a market cap of $32.95 billion, a P/E ratio of -8.87, a price-to-earnings-growth ratio of 5.67 and a beta of 0.85. The firm has a 50 day moving average price of $162.89 and a two-hundred day moving average price of $156.84.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TTWO shares. The Goldman Sachs Group raised their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark boosted their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, November 7th. Finally, Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.75.

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.