Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp decreased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.4% in the second quarter, Holdings Channel reports. The firm owned 74,904 shares of the company’s stock after selling 318 shares during the period. Cibc World Markets Corp’s holdings in Take-Two Interactive Software were worth $13,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fiera Capital Corp raised its stake in shares of Take-Two Interactive Software by 5.0% during the 1st quarter. Fiera Capital Corp now owns 13,210 shares of the company’s stock valued at $2,334,000 after buying an additional 635 shares during the last quarter. MIK Capital LP purchased a new position in shares of Take-Two Interactive Software in the 1st quarter valued at about $5,440,000. Shell Asset Management Co. increased its stake in shares of Take-Two Interactive Software by 162.6% in the 1st quarter. Shell Asset Management Co. now owns 70,896 shares of the company’s stock valued at $12,527,000 after purchasing an additional 43,895 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Take-Two Interactive Software by 21.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 71,026 shares of the company’s stock valued at $12,550,000 after purchasing an additional 12,777 shares in the last quarter. Finally, Alta Capital Management LLC increased its stake in shares of Take-Two Interactive Software by 117.1% in the 1st quarter. Alta Capital Management LLC now owns 589,194 shares of the company’s stock valued at $104,110,000 after purchasing an additional 317,756 shares in the last quarter. 86.20% of the stock is owned by institutional investors.

TTWO has been the subject of several recent analyst reports. Moffett Nathanson initiated coverage on Take-Two Interactive Software in a research note on Thursday, June 24th. They issued a “buy” rating and a $214.00 price target for the company. Wedbush reiterated a “buy” rating and set a $222.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, September 10th. Truist lowered their target price on Take-Two Interactive Software from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, August 16th. Truist Securities decreased their price objective on Take-Two Interactive Software from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, August 16th. Finally, Barclays decreased their price objective on Take-Two Interactive Software from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 3rd. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $212.00.

TTWO stock opened at $152.15 on Wednesday. Take-Two Interactive Software, Inc. has a 12 month low of $151.00 and a 12 month high of $214.91. The firm has a market cap of $17.73 billion, a PE ratio of 27.12, a P/E/G ratio of 4.69 and a beta of 0.54. The firm has a 50 day simple moving average of $164.06 and a 200 day simple moving average of $172.10.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Sunday, August 1st. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The firm had revenue of $711.40 million for the quarter, compared to analyst estimates of $685.64 million. Take-Two Interactive Software had a net margin of 19.45% and a return on equity of 17.92%. The company’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 2.97 earnings per share for the current year.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 159 shares of the stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $159.08, for a total value of $25,293.72. Following the completion of the sale, the director now directly owns 61,421 shares of the company’s stock, valued at approximately $9,770,852.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

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

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