Invesco LLC Decreases Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Invesco LLC decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,110 shares of the company’s stock after selling 159 shares during the quarter. Invesco LLC’s holdings in Take-Two Interactive Software were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TTWO. Pin Oak Investment Advisors Inc. lifted its position in Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares in the last quarter. ORG Partners LLC increased its holdings in Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after purchasing an additional 166 shares during the last quarter. Crewe Advisors LLC grew its position in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after buying an additional 143 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TTWO. Jefferies Financial Group boosted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Bank of America restated a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Monday, August 12th. JPMorgan Chase & Co. raised their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $183.55.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now owns 64,378 shares in the company, valued at $9,645,755.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $156.32 on Tuesday. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average price of $151.74 and a two-hundred day moving average price of $150.89. The firm has a market cap of $27.40 billion, a P/E ratio of -7.11, a PEG ratio of 4.52 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Research analysts forecast that Take-Two Interactive Software, Inc. will post 1.07 EPS for the current fiscal year.

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.