Massachusetts Financial Services Co. MA Lowers Holdings in Take-Two Interactive Software, Inc. $TTWO

Massachusetts Financial Services Co. MA reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,936,406 shares of the company’s stock after selling 588,770 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Take-Two Interactive Software were worth $1,275,370,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Maryland State Retirement & Pension System grew its position in Take-Two Interactive Software by 4.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 9,083 shares of the company’s stock valued at $2,347,000 after purchasing an additional 383 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Take-Two Interactive Software in the third quarter worth about $227,000. NBT Bank N A NY lifted its stake in shares of Take-Two Interactive Software by 706.3% in the third quarter. NBT Bank N A NY now owns 258 shares of the company’s stock worth $67,000 after buying an additional 226 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Take-Two Interactive Software by 13.7% in the third quarter. Stephens Inc. AR now owns 4,684 shares of the company’s stock worth $1,210,000 after buying an additional 565 shares in the last quarter. Finally, WealthPLAN Partners LLC purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $339,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 1.7%

Take-Two Interactive Software stock opened at $240.14 on Friday. Take-Two Interactive Software, Inc. has a one year low of $179.61 and a one year high of $264.79. The stock has a fifty day moving average of $246.09 and a 200 day moving average of $243.64. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $44.37 billion, a PE ratio of -10.63, a price-to-earnings-growth ratio of 3.83 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm posted ($2.08) earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the sale, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. The trade was a 0.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the transaction, the director directly owned 2,429 shares in the company, valued at approximately $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,010 shares of company stock valued at $242,102. 1.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TTWO shares. Wedbush boosted their price objective on shares of Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, October 8th. Wells Fargo & Company upped their price target on Take-Two Interactive Software from $277.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. UBS Group cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Morgan Stanley boosted their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $267.57.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.