Profit Investment Management LLC lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 32.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,587 shares of the company’s stock after selling 12,033 shares during the quarter. Take-Two Interactive Software accounts for 2.3% of Profit Investment Management LLC’s holdings, making the stock its 6th biggest position. Profit Investment Management LLC’s holdings in Take-Two Interactive Software were worth $2,616,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Take-Two Interactive Software by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock valued at $615,847,000 after acquiring an additional 115,430 shares during the period. JPMorgan Chase & Co. raised its stake in Take-Two Interactive Software by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,158,753 shares of the company’s stock valued at $305,169,000 after acquiring an additional 78,006 shares during the period. State Street Corp raised its stake in Take-Two Interactive Software by 62.1% in the 1st quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after acquiring an additional 1,193,381 shares during the period. Renaissance Technologies LLC raised its stake in Take-Two Interactive Software by 1,045.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after acquiring an additional 1,781,500 shares during the period. Finally, Harbour Capital Advisors LLC raised its stake in Take-Two Interactive Software by 7,304.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after acquiring an additional 1,615,360 shares during the period. 96.70% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Michael Dornemann sold 7,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.80, for a total transaction of $614,600.00. Following the sale, the director now directly owns 9,394 shares in the company, valued at approximately $824,793.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the sale, the chief financial officer now owns 409,019 shares in the company, valued at $35,862,785.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,465 shares of company stock worth $7,677,331. Corporate insiders own 1.55% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $87.00 price target on shares of Take-Two Interactive Software in a research note on Monday, July 10th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $112.00 price target (up previously from $93.00) on shares of Take-Two Interactive Software in a research note on Monday, September 25th. Cowen and Company restated a “buy” rating and issued a $79.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 11th. Jefferies Group LLC restated a “buy” rating and issued a $108.00 price target (up previously from $91.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Finally, Buckingham Research assumed coverage on Take-Two Interactive Software in a research note on Wednesday, September 20th. They issued a “buy” rating and a $120.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Take-Two Interactive Software currently has a consensus rating of “Buy” and a consensus price target of $94.20.

ILLEGAL ACTIVITY WARNING: “Take-Two Interactive Software, Inc. (TTWO) Holdings Trimmed by Profit Investment Management LLC” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/take-two-interactive-software-inc-ttwo-holdings-trimmed-by-profit-investment-management-llc/1644001.html.

Take-Two Interactive Software, Inc. (TTWO) traded up 0.35% on Friday, reaching $104.93. The company’s stock had a trading volume of 693,357 shares. The firm has a 50 day moving average of $101.31 and a 200 day moving average of $81.47. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 61.94 and a beta of 0.78. Take-Two Interactive Software, Inc. has a 12 month low of $42.65 and a 12 month high of $107.53.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) earnings per share. Analysts anticipate that Take-Two Interactive Software, Inc. will post $2.20 earnings per share for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.