Ratan Capital Management LP Sells 6,400 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Ratan Capital Management LP lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 20.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 25,600 shares of the company’s stock after selling 6,400 shares during the period. Take-Two Interactive Software accounts for about 2.7% of Ratan Capital Management LP’s investment portfolio, making the stock its 14th biggest holding. Ratan Capital Management LP’s holdings in Take-Two Interactive Software were worth $4,120,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of Take-Two Interactive Software by 192.4% in the third quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock worth $8,811,000 after acquiring an additional 41,297 shares during the period. Laurion Capital Management LP bought a new position in shares of Take-Two Interactive Software in the third quarter worth about $17,169,000. United Asset Strategies Inc. bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth about $1,527,000. TD Asset Management Inc boosted its stake in shares of Take-Two Interactive Software by 269.8% in the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock worth $79,699,000 after acquiring an additional 361,273 shares during the period. Finally, Rheos Capital Works Inc. lifted its position in shares of Take-Two Interactive Software by 380.3% in the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock worth $38,419,000 after buying an additional 189,000 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO stock traded down $0.90 during midday trading on Friday, reaching $164.77. The stock had a trading volume of 1,504,487 shares, compared to its average volume of 1,970,382. The stock has a market cap of $28.24 billion, a PE ratio of -7.50, a P/E/G ratio of 7.76 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day simple moving average of $149.69 and a two-hundred day simple moving average of $154.03. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last issued its earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. As a group, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.92 EPS for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated 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 completion of the transaction, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction dated 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 in the company, valued at approximately $3,324,626.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,569 shares of company stock worth $13,909,565. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Jefferies Financial Group decreased their target price on Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Oppenheimer reaffirmed an “outperform” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, April 23rd. Finally, Robert W. Baird dropped their price objective on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.09.

Check Out Our Latest Research Report on Take-Two Interactive Software

Take-Two Interactive Software Profile

(Free Report)

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.

Read More

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

Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.