Congress Asset Management Co. Sells 9,645 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Congress Asset Management Co. reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 653,244 shares of the company’s stock after selling 9,645 shares during the period. Congress Asset Management Co.’s holdings in Take-Two Interactive Software were worth $100,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TTWO. ORG Partners LLC raised its position in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. boosted its holdings in Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Blue Trust Inc. increased its position in shares of Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in Take-Two Interactive Software during the second quarter worth $37,000. 95.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction 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 completion of the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.45% of the stock is currently owned by company insiders.

Take-Two Interactive Software Trading Down 0.5 %

Take-Two Interactive Software stock traded down $0.85 during mid-day trading on Thursday, hitting $162.04. 187,407 shares of the stock were exchanged, compared to its average volume of 1,592,437. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a 12 month low of $132.17 and a 12 month high of $171.59. The firm’s fifty day simple moving average is $155.64 and its two-hundred day simple moving average is $152.54. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of -7.31, a PEG ratio of 4.94 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. Analysts forecast that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

TTWO has been the topic of several analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Wedbush restated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $185.60.

About Take-Two Interactive Software

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.