Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 27.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432,352 shares of the company’s stock after selling 160,983 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.25% of Take-Two Interactive Software worth $59,539,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TTWO. CVA Family Office LLC purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at $25,000. MCF Advisors LLC raised its stake in shares of Take-Two Interactive Software by 1,677.8% in the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $26,000. Pin Oak Investment Advisors Inc. raised its stake in shares of Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the period. Finally, Connectus Wealth LLC raised its stake in shares of Take-Two Interactive Software by 903.8% in the fourth quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock valued at $31,000 after acquiring an additional 173,308 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the sale, the director now directly owns 64,173 shares in the company, valued at approximately $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of the firm’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 transaction of $378,125.00. Following the completion of the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at approximately $3,324,626.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The disclosure for this sale can be found here. Insiders sold 93,569 shares of company stock worth $13,909,565 in the last three months. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Trading Down 1.1 %

Shares of NASDAQ:TTWO traded down $1.76 during trading on Friday, reaching $151.74. The stock had a trading volume of 1,130,382 shares, compared to its average volume of 1,410,899. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year 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. The firm’s 50-day simple moving average is $153.91 and its 200 day simple moving average is $154.00.

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 during the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. As a group, equities research analysts expect that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TTWO shares. HSBC downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 target price on the stock. in a research note on Friday, May 17th. JPMorgan Chase & Co. increased their target price on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Citigroup raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Bank of America raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $185.00 in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $178.09.

Take-Two Interactive Software Profile

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.