Sunbelt Securities Inc. Sells 58 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sunbelt Securities Inc. reduced its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 924 shares of the company’s stock after selling 58 shares during the quarter. Sunbelt Securities Inc.’s holdings in Take-Two Interactive Software were worth $142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB increased its holdings in Take-Two Interactive Software by 2.2% during the 2nd quarter. Swedbank AB now owns 100,849 shares of the company’s stock worth $15,681,000 after purchasing an additional 2,166 shares in the last quarter. Blue Trust Inc. raised its position in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the last quarter. Everpar Advisors LLC bought a new position in Take-Two Interactive Software during the 2nd quarter valued at $213,000. Raymond James & Associates grew its stake in shares of Take-Two Interactive Software by 8.1% in the 2nd quarter. Raymond James & Associates now owns 142,961 shares of the company’s stock worth $22,229,000 after acquiring an additional 10,691 shares in the last quarter. Finally, Parsons Capital Management Inc. RI grew its stake in shares of Take-Two Interactive Software by 6.5% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 3,280 shares of the company’s stock worth $510,000 after acquiring an additional 200 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on TTWO shares. StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Benchmark upped their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Oppenheimer upped their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, TD Cowen lifted their target price on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $196.00.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $185.48 on Friday. The firm has a market capitalization of $32.58 billion, a P/E ratio of -8.77, a PEG ratio of 5.76 and a beta of 0.89. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average price of $173.10 and a 200-day moving average price of $160.52.

Insider Buying and Selling

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by insiders.

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.