Korea Investment CORP Reduces Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Korea Investment CORP trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) by 55.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,640 shares of the company’s stock after selling 36,678 shares during the period. Korea Investment CORP’s holdings in Take-Two Interactive Software were worth $3,086,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Take-Two Interactive Software by 363.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 62,165 shares of the company’s stock valued at $6,469,000 after buying an additional 48,752 shares in the last quarter. Amalgamated Bank lifted its position in shares of Take-Two Interactive Software by 1.9% during the 4th quarter. Amalgamated Bank now owns 44,042 shares of the company’s stock valued at $4,586,000 after buying an additional 816 shares in the last quarter. New York Life Investment Management LLC lifted its position in shares of Take-Two Interactive Software by 1.4% during the 4th quarter. New York Life Investment Management LLC now owns 25,182 shares of the company’s stock valued at $2,622,000 after buying an additional 352 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new stake in Take-Two Interactive Software during the 4th quarter valued at approximately $463,000. Finally, Exos TFP Holdings LLC raised its stake in Take-Two Interactive Software by 15.8% during the 4th quarter. Exos TFP Holdings LLC now owns 2,811 shares of the company’s stock valued at $293,000 after purchasing an additional 384 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 247 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $137.16, for a total value of $33,878.52. Following the completion of the transaction, the director now directly owns 62,935 shares of the company’s stock, valued at approximately $8,632,164.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, President Karl Slatoff sold 68,351 shares of the business’s stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $122.12, for a total value of $8,347,024.12. Following the completion of the transaction, the president now directly owns 262,678 shares of the company’s stock, valued at approximately $32,078,237.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 247 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $137.16, for a total value of $33,878.52. Following the completion of the transaction, the director now directly owns 62,935 shares of the company’s stock, valued at $8,632,164.60. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several recent analyst reports. Wedbush lifted their target price on Take-Two Interactive Software from $130.00 to $154.00 in a research note on Thursday, May 18th. MKM Partners decreased their target price on Take-Two Interactive Software from $140.00 to $130.00 in a research note on Tuesday, February 7th. Wells Fargo & Company lifted their target price on Take-Two Interactive Software from $132.00 to $160.00 in a research note on Thursday, May 18th. BNP Paribas downgraded Take-Two Interactive Software from an “outperform” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research note on Wednesday, April 12th. Finally, StockNews.com started coverage on Take-Two Interactive Software in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.27.

Take-Two Interactive Software Price Performance

TTWO opened at $137.52 on Monday. Take-Two Interactive Software, Inc. has a 52-week low of $90.00 and a 52-week high of $141.96. The stock has a market cap of $23.29 billion, a P/E ratio of -20.13, a PEG ratio of 4.43 and a beta of 0.68. The business has a fifty day moving average of $126.04 and a 200 day moving average of $114.13. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.19.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last issued its earnings results on Wednesday, May 17th. The company reported ($3.62) earnings per share for the quarter, missing the consensus estimate of $0.68 by ($4.30). Take-Two Interactive Software had a positive return on equity of 3.52% and a negative net margin of 21.02%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. Take-Two Interactive Software’s quarterly revenue was up 64.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 3.1 EPS for the current year.

Take-Two Interactive Software Profile

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Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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