Wealth Enhancement Advisory Services LLC Sells 1,244 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Wealth Enhancement Advisory Services LLC lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 14,579 shares of the company’s stock after selling 1,244 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Take-Two Interactive Software were worth $2,241,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TTWO. Ninety One UK Ltd lifted its holdings in Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after buying an additional 1,047,979 shares during the period. 1832 Asset Management L.P. lifted its stake 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 purchasing an additional 1,034,000 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Take-Two Interactive Software by 3,786.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after purchasing an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Take-Two Interactive Software by 1,780.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock worth $70,807,000 after purchasing an additional 436,150 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Up 1.3 %

TTWO opened at $163.78 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $132.17 and a fifty-two week high of $171.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50-day moving average is $155.79 and its 200 day moving average is $152.73. The firm has a market capitalization of $28.71 billion, a P/E ratio of -7.35, a PEG ratio of 4.94 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last posted 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. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. Research analysts expect that Take-Two Interactive Software, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on TTWO. Benchmark increased their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Jefferies Financial Group increased their price objective on shares of 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. HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Monday, August 12th. Finally, Bank of America reiterated a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Buy” and an average target price of $187.21.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.45% of the company’s stock.

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.