Stephens Investment Management Group LLC reduced its position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 28.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 344,866 shares of the company’s stock after selling 139,229 shares during the quarter. Stephens Investment Management Group LLC owned about 0.30% of TAKE-TWO INTERACTIVE SOFTWARE worth $39,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Geode Capital Management LLC grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock valued at $159,151,000 after buying an additional 141,833 shares during the period. State of Alaska Department of Revenue grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 6.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,141 shares of the company’s stock valued at $1,993,000 after buying an additional 1,326 shares during the period. Retirement Systems of Alabama grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 52,693 shares of the company’s stock valued at $4,973,000 after buying an additional 200 shares during the period. Harvey Capital Management Inc. grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 79.1% in the 1st quarter. Harvey Capital Management Inc. now owns 30,270 shares of the company’s stock valued at $2,856,000 after buying an additional 13,370 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 22,849 shares of the company’s stock valued at $2,156,000 after buying an additional 1,000 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Shares of TAKE-TWO INTERACTIVE SOFTWARE stock traded up $0.21 during mid-day trading on Thursday, hitting $126.43. 575,384 shares of the stock were exchanged, compared to its average volume of 1,676,183. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12 month low of $84.41 and a 12 month high of $139.91. The firm’s 50-day moving average is $119.62. The stock has a market capitalization of $14.44 billion, a P/E ratio of 32.58, a P/E/G ratio of 4.07 and a beta of 0.80.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Monday, August 5th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm had revenue of $422.24 million for the quarter, compared to analysts’ expectations of $356.65 million. During the same quarter last year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 46.4% compared to the same quarter last year. Equities research analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.88 EPS for the current fiscal year.

Several brokerages have recently commented on TTWO. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Morgan Stanley lifted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Piper Jaffray Companies lifted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $134.00 and gave the company an “in-line” rating in a research note on Tuesday, August 6th. Wedbush reiterated a “buy” rating and set a $144.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, August 6th. Finally, ValuEngine upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating 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, eighteen have given a buy rating and one has given a strong buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE presently has an average rating of “Buy” and an average target price of $130.91.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 8,758 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $109.92, for a total transaction of $962,679.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Strauss Zelnick sold 20,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.18, for a total transaction of $2,603,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,993 shares of company stock worth $6,309,628. Insiders own 1.20% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company 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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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