Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Commerce Bank

Commerce Bank lowered its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,060 shares of the company’s stock after selling 2,768 shares during the period. Commerce Bank’s holdings in Take-Two Interactive Software were worth $3,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. Norges Bank acquired a new position in Take-Two Interactive Software during the fourth quarter worth about $350,811,000. Massachusetts Financial Services Co. MA raised its position in Take-Two Interactive Software by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after acquiring an additional 521,456 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Take-Two Interactive Software by 130.8% in the third quarter. Nordea Investment Management AB now owns 653,346 shares of the company’s stock valued at $92,122,000 after buying an additional 370,229 shares during the last quarter. Mariner LLC raised its position in shares of Take-Two Interactive Software by 223.2% in the third quarter. Mariner LLC now owns 497,060 shares of the company’s stock valued at $69,783,000 after buying an additional 343,277 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Take-Two Interactive Software by 117.1% in the third quarter. Schroder Investment Management Group now owns 530,403 shares of the company’s stock valued at $74,463,000 after buying an additional 286,076 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $154.60 on Monday. The firm has a fifty day moving average of $147.24 and a 200-day moving average of $153.43. The firm has a market capitalization of $26.50 billion, a P/E ratio of -7.03, a PEG ratio of 1.70 and a beta of 0.75. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The firm had revenue of $1.35 billion for 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%. Take-Two Interactive Software’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, analysts predict that Take-Two Interactive Software, Inc. will post 3.94 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the stock in a transaction 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 transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the stock in a transaction 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 transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jon J. Moses sold 2,500 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the transaction, the director now owns 21,981 shares in the company, 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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TTWO. JPMorgan Chase & Co. cut 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 report on Friday, February 9th. Jefferies Financial Group cut their price objective on shares of Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their price objective for the company from $169.00 to $167.00 in a research report on Monday, February 5th. Robert W. Baird cut their price objective on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, May 20th. Finally, Wells Fargo & Company increased their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average 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.