Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,110 shares of the company’s stock after buying an additional 1,737 shares during the period. Janney Montgomery Scott LLC’s holdings in Take-Two Interactive Software were worth $2,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Tectonic Advisors LLC lifted its position in Take-Two Interactive Software by 4.2% during 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 raised its stake in shares of Take-Two Interactive Software by 4.5% in the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after purchasing an additional 69 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Take-Two Interactive Software by 3.7% during the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock worth $279,000 after purchasing an additional 70 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Take-Two Interactive Software by 14.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock valued at $87,000 after buying an additional 70 shares during the last quarter. Finally, Lincoln National Corp increased its holdings in Take-Two Interactive Software by 1.6% in the 4th quarter. Lincoln National Corp now owns 5,215 shares of the company’s stock worth $839,000 after buying an additional 81 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $154.60 on Friday. The stock has a 50 day moving average of $147.24 and a two-hundred day moving average of $153.24. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The company has a current ratio of 0.94, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. Analysts expect that Take-Two Interactive Software, Inc. will post 3.94 EPS for the current fiscal year.

Insider Activity

In related news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction dated 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 transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the firm’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 value of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTWO. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $169.00 to $167.00 in a research note on Monday, February 5th. Roth Mkm cut their price target on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. JPMorgan Chase & Co. decreased their price objective on 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. Oppenheimer reaffirmed an “outperform” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. Finally, Robert W. Baird decreased their price target on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.22.

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.