Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,185 shares of the company’s stock after selling 2,215 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Take-Two Interactive Software were worth $30,156,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Texas Permanent School Fund Corp boosted its holdings in Take-Two Interactive Software by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 32,779 shares of the company’s stock valued at $4,867,000 after purchasing an additional 121 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Take-Two Interactive Software by 13.1% in the 1st quarter. Forsta AP Fonden now owns 35,500 shares of the company’s stock valued at $5,271,000 after purchasing an additional 4,100 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of Take-Two Interactive Software by 27.8% during the 1st quarter. Tectonic Advisors LLC now owns 2,188 shares of the company’s stock valued at $325,000 after acquiring an additional 476 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Take-Two Interactive Software during the first quarter worth $2,814,000. Finally, QRG Capital Management Inc. raised its stake in shares of Take-Two Interactive Software by 169.7% during the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock worth $2,142,000 after buying an additional 9,076 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $177.90 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $135.24 and a 52 week high of $180.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.90. The company’s fifty day simple moving average is $156.75 and its 200-day simple moving average is $153.79.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 0.51% and a negative net margin of 66.38%. On average, equities research analysts expect that Take-Two Interactive Software, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 191 shares of the company’s 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 completion of the transaction, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TTWO has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Oppenheimer raised their price target 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. TD Cowen increased their price target on Take-Two Interactive Software from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, UBS Group raised their price objective on Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $188.05.

Take-Two Interactive Software 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.