Invesco LLC Sells 100 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Invesco LLC trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,010 shares of the company’s stock after selling 100 shares during the quarter. Invesco LLC’s holdings in Take-Two Interactive Software were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC increased its position in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. boosted its holdings in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Blue Trust Inc. grew its position in Take-Two Interactive Software by 410.6% during the second 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 period. Finally, HHM Wealth Advisors LLC bought a new position in Take-Two Interactive Software in the second quarter worth approximately $37,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now owns 64,378 shares of the company’s stock, valued at $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 is available through the SEC website. Insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Redburn Atlantic assumed coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Benchmark lifted their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $187.21.

Take-Two Interactive Software Trading Up 1.3 %

TTWO traded up $2.06 during trading hours on Friday, reaching $163.78. 1,457,893 shares of the company’s stock traded hands, compared to its average volume of 1,205,963. The firm has a 50-day moving average price of $155.79 and a 200 day moving average price of $152.73. The firm has a market capitalization of $28.71 billion, a PE ratio of -7.35, a PEG ratio of 4.94 and a beta of 0.85. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a 52-week low of $132.17 and a 52-week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. As a group, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current fiscal year.

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.