Oak Ridge Investments LLC Sells 126 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Oak Ridge Investments LLC reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,088 shares of the company’s stock after selling 126 shares during the quarter. Oak Ridge Investments LLC’s holdings in Take-Two Interactive Software were worth $480,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TTWO. International Assets Investment Management LLC grew its holdings in shares of Take-Two Interactive Software by 14,929.1% in the fourth quarter. International Assets Investment Management LLC now owns 45,388 shares of the company’s stock valued at $7,305,000 after acquiring an additional 45,086 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Take-Two Interactive Software by 86.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,162 shares of the company’s stock valued at $509,000 after purchasing an additional 1,462 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Take-Two Interactive Software by 35.3% during the 4th quarter. Cerity Partners LLC now owns 2,390 shares of the company’s stock worth $385,000 after purchasing an additional 623 shares during the period. Simplicity Solutions LLC grew its position in Take-Two Interactive Software by 8.9% during the fourth quarter. Simplicity Solutions LLC now owns 6,706 shares of the company’s stock valued at $1,079,000 after buying an additional 550 shares during the period. Finally, WCM Investment Management LLC purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $1,227,000. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $167.12, for a total transaction of $36,432.16. Following the sale, the director now owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 on Tuesday, May 21st. The stock was 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 owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The sale 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 company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the sale, the director now owns 64,173 shares in the company, valued at approximately $10,724,591.76. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research reports. Roth Mkm reduced their price objective on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, May 17th. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday. BMO Capital Markets reissued an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Morgan Stanley lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Finally, HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.81.

Take-Two Interactive Software Trading Up 1.2 %

TTWO traded up $1.80 during midday trading on Thursday, reaching $146.71. 491,385 shares of the company’s stock traded hands, compared to its average volume of 1,669,497. 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 debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.94. The firm has a fifty day moving average of $152.19 and a two-hundred day moving average of $151.33. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of -6.59, a P/E/G ratio of 4.23 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. Take-Two Interactive Software’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. On average, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 1.05 earnings per share for the current fiscal year.

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.