Envestnet Asset Management Inc. reduced its stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 18.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,794 shares of the company’s stock after selling 615 shares during the period. Envestnet Asset Management Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $331,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 268.8% in the 2nd quarter. Alps Advisors Inc. now owns 10,154 shares of the company’s stock worth $1,115,000 after purchasing an additional 7,401 shares during the period. American Century Companies Inc. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $136,745,000. Brighton Jones LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $236,000. BNP Paribas Arbitrage SA increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 48.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 71,265 shares of the company’s stock worth $8,435,000 after purchasing an additional 23,211 shares during the period. Finally, North Fourth Asset Management LP purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $3,551,000. 92.49% of the stock is currently owned by institutional investors and hedge funds.

TTWO opened at $132.07 on Monday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52-week low of $92.81 and a 52-week high of $138.65. The company has a market cap of $15.03 billion, a PE ratio of 75.47, a price-to-earnings-growth ratio of 2.64 and a beta of 0.96.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Thursday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. The firm had revenue of $288.33 million for the quarter, compared to analysts’ expectations of $258.95 million. sell-side analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current fiscal year.

In related news, CFO Lainie Goldstein sold 27,100 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $130.10, for a total transaction of $3,525,710.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul E. Viera purchased 73,896 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were purchased at an average price of $133.94 per share, for a total transaction of $9,897,630.24. Following the completion of the transaction, the director now directly owns 926 shares of the company’s stock, valued at $124,028.44. The disclosure for this purchase can be found here. Insiders have sold 53,408 shares of company stock worth $6,954,178 over the last three months. Insiders own 1.07% of the company’s stock.

TTWO has been the topic of a number of analyst reports. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. BMO Capital Markets cut TAKE-TWO INTERACTIVE SOFTWARE from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $129.95 to $135.00 in a research note on Tuesday, June 5th. ValuEngine raised TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 15th. Zacks Investment Research raised TAKE-TWO INTERACTIVE SOFTWARE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $145.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 25th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $133.89.

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 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 names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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