Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 50.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,952 shares of the company's stock after selling 397,975 shares during the period. DAVENPORT & Co LLC owned 0.23% of Take-Two Interactive Software worth $61,881,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TTWO. Tectonic Advisors LLC grew its stake in Take-Two Interactive Software by 4.2% in the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company's stock worth $276,000 after acquiring an additional 69 shares during the period. Drive Wealth Management LLC grew its stake in Take-Two Interactive Software by 4.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company's stock worth $258,000 after acquiring an additional 69 shares during the period. Belpointe Asset Management LLC grew its stake in Take-Two Interactive Software by 3.7% in the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company's stock worth $279,000 after acquiring an additional 70 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Take-Two Interactive Software by 14.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company's stock worth $87,000 after acquiring an additional 70 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Take-Two Interactive Software by 44.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 278 shares of the company's stock worth $41,000 after acquiring an additional 85 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 260 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares of the company's stock, valued at approximately $9,910,799.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.37% of the company's stock.

Take-Two Interactive Software Stock Down 0.3 %

Shares of Take-Two Interactive Software stock traded down $0.43 during trading on Tuesday, reaching $149.57. The company had a trading volume of 1,233,140 shares, compared to its average volume of 1,692,065. The company has a market cap of $25.52 billion, a price-to-earnings ratio of -17.43, a price-to-earnings-growth ratio of 6.33 and a beta of 0.74. The firm's fifty day moving average is $153.24 and its 200-day moving average is $151.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. Take-Two Interactive Software, Inc. has a fifty-two week low of $117.35 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. On average, analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research reports. JPMorgan Chase & Co. lowered 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 research note on Friday, February 9th. Stifel Nicolaus reissued a "buy" rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday. Benchmark boosted their price objective on shares of Take-Two Interactive Software from $164.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. The Goldman Sachs Group boosted their price objective on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, January 19th. Finally, Wedbush restated an "outperform" rating and set a $190.00 target price on shares of Take-Two Interactive Software in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus price target of $172.91.

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.

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