OLD National Bancorp IN Reduces Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

OLD National Bancorp IN lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 48.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,340 shares of the company’s stock after selling 2,204 shares during the period. OLD National Bancorp IN’s holdings in Take-Two Interactive Software were worth $377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Tectonic Advisors LLC boosted its stake in Take-Two Interactive Software by 4.2% during the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock worth $276,000 after buying an additional 69 shares during the period. Drive Wealth Management LLC boosted its stake in Take-Two Interactive Software by 4.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock worth $258,000 after buying an additional 69 shares during the period. Belpointe Asset Management LLC boosted its stake in Take-Two Interactive Software by 3.7% during the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock worth $279,000 after buying an additional 70 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Take-Two Interactive Software by 14.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock worth $87,000 after buying an additional 70 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its stake in Take-Two Interactive Software by 2.7% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,492 shares of the company’s stock worth $562,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.8 %

Shares of NASDAQ:TTWO opened at $142.83 on Thursday. The firm’s 50 day moving average price is $147.78 and its 200 day moving average price is $152.21. The stock has a market cap of $24.37 billion, a price-to-earnings ratio of -16.65, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. Take-Two Interactive Software, Inc. has a fifty-two week low of $119.57 and a fifty-two week high of $171.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Citigroup raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their target price for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Roth Mkm increased their target price on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lowered their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.61.

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.