OPSEU Pension Plan Trust Fund Trims Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

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OPSEU Pension Plan Trust Fund cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,453 shares of the company’s stock after selling 252 shares during the quarter. OPSEU Pension Plan Trust Fund’s holdings in Take-Two Interactive Software were worth $1,915,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TTWO. Morgan Stanley grew its position in shares of Take-Two Interactive Software by 297.7% in the 1st quarter. Morgan Stanley now owns 1,454,161 shares of the company’s stock worth $172,478,000 after buying an additional 1,088,556 shares during the period. Wedbush Securities Inc. bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $200,000. Heritage Wealth Advisors lifted its stake in Take-Two Interactive Software by 4,506.3% during the 2nd quarter. Heritage Wealth Advisors now owns 10,180 shares of the company’s stock valued at $30,000 after acquiring an additional 9,959 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Take-Two Interactive Software by 30.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,930 shares of the company’s stock valued at $3,340,000 after acquiring an additional 5,561 shares during the period. Finally, Vident Investment Advisory LLC bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $680,000. 93.08% of the stock is currently owned by hedge funds and other institutional investors.

TTWO has been the topic of several research analyst reports. Morgan Stanley upped their target price on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 6th. Piper Sandler lowered their target price on shares of Take-Two Interactive Software from $200.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, November 6th. Wedbush reiterated an “outperform” rating and issued a $210.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, November 6th. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Credit Suisse Group increased their price objective on shares of Take-Two Interactive Software from $171.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, November 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $167.72.

In related news, CEO Strauss Zelnick sold 35,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $173.58, for a total value of $6,075,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.09% of the company’s stock.

TTWO traded up $0.74 during trading on Tuesday, reaching $163.13. 15,347 shares of the company traded hands, compared to its average volume of 1,865,270. Take-Two Interactive Software, Inc. has a 12-month low of $100.00 and a 12-month high of $180.61. The firm has a fifty day simple moving average of $163.78 and a 200 day simple moving average of $153.58. The company has a market cap of $18.68 billion, a P/E ratio of 41.93, a PEG ratio of 4.06 and a beta of 0.57.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $1.03. Take-Two Interactive Software had a net margin of 13.22% and a return on equity of 28.26%. The business had revenue of $957.50 million during the quarter, compared to analyst estimates of $884.68 million. During the same period last year, the firm posted $0.63 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Take-Two Interactive Software, Inc. will post 3.45 earnings per share for the current year.

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 Redemption names; and offers episodes, content, and virtual currency.

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

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