SFE Investment Counsel Cuts Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

SFE Investment Counsel decreased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 19.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,917 shares of the company’s stock after selling 1,941 shares during the period. SFE Investment Counsel’s holdings in Take-Two Interactive Software were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TTWO. Cary Street Partners Investment Advisory LLC boosted its position in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after buying an additional 93 shares during the period. CVA Family Office LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at $25,000. NBC Securities Inc. purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at $27,000. BluePath Capital Management LLC purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at $30,000. Finally, Whittier Trust Co. purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 1.3 %

Take-Two Interactive Software stock traded down $1.83 during trading hours on Thursday, hitting $141.33. The stock had a trading volume of 784,420 shares, compared to its average volume of 1,655,059. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.11 billion, a P/E ratio of -16.69, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. Take-Two Interactive Software, Inc. has a 12-month low of $119.57 and a 12-month high of $171.59. The stock’s 50-day moving average price is $149.44 and its 200-day moving average price is $152.15.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTWO has been the subject of several analyst reports. Benchmark increased their price target on shares of Take-Two Interactive Software from $164.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. The Goldman Sachs Group upped their price objective on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a report on Monday, April 1st. JPMorgan Chase & Co. decreased their price objective on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Finally, Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $169.00 to $167.00 in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.39.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.