Lindbrook Capital LLC Sells 1,328 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Lindbrook Capital LLC lessened its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 53.8% in the third quarter, HoldingsChannel.com reports. The fund owned 1,140 shares of the company’s stock after selling 1,328 shares during the period. Lindbrook Capital LLC’s holdings in Take-Two Interactive Software were worth $175,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ninety One UK Ltd lifted its stake in Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after purchasing an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Take-Two Interactive Software by 2,224.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after buying an additional 1,034,000 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Take-Two Interactive Software by 3,786.4% in the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after buying an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. grew its position in Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after acquiring an additional 666,198 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Take-Two Interactive Software by 1,780.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock valued at $70,807,000 after acquiring an additional 436,150 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TTWO. BMO Capital Markets raised their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Monday, August 12th. Oppenheimer upped their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday. Redburn Atlantic started coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. Finally, Stifel Nicolaus upped their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $177.90 on Monday. The business has a 50-day moving average price of $156.75 and a two-hundred day moving average price of $153.87. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $180.53. The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The company has a market cap of $31.18 billion, a P/E ratio of -8.41, a PEG ratio of 5.44 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 0.51% and a negative net margin of 66.38%. As a group, analysts anticipate that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current year.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.45% of the stock is currently owned by company insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.