Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 4,462,765 shares, a decrease of 24.5% from the July 14th total of 5,908,171 shares. Based on an average daily trading volume, of 2,125,093 shares, the days-to-cover ratio is currently 2.1 days. Approximately 4.3% of the shares of the company are sold short.

In other Take-Two Interactive Software news, Director Michael Dornemann sold 7,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.80, for a total value of $614,600.00. Following the transaction, the director now directly owns 9,394 shares of the company’s stock, valued at approximately $824,793.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Strauss Zelnick sold 35,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $78.53, for a total value of $2,748,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,840 shares of company stock worth $12,280,114. Insiders own 1.55% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC raised its position in Take-Two Interactive Software by 7.8% in the first quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock worth $105,780,000 after buying an additional 129,572 shares during the last quarter. Eqis Capital Management Inc. raised its position in Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock worth $428,000 after buying an additional 957 shares during the last quarter. UBS Group AG raised its position in Take-Two Interactive Software by 25.5% in the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock worth $5,201,000 after buying an additional 17,809 shares during the last quarter. Advantus Capital Management Inc acquired a new position in Take-Two Interactive Software during the first quarter worth approximately $770,000. Finally, Clinton Group Inc. raised its position in Take-Two Interactive Software by 865.7% in the first quarter. Clinton Group Inc. now owns 98,198 shares of the company’s stock worth $5,820,000 after buying an additional 88,029 shares during the last quarter. 97.30% of the stock is owned by institutional investors and hedge funds.

Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at 89.30 on Friday. Take-Two Interactive Software has a 1-year low of $40.63 and a 1-year high of $92.22. The company has a 50-day moving average price of $79.07 and a 200 day moving average price of $67.10. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 52.72 and a beta of 0.83.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. The business had revenue of $348.30 million during 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%. Take-Two Interactive Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) EPS. On average, equities research analysts predict that Take-Two Interactive Software will post $2.16 EPS for the current year.

A number of research analysts have commented on the company. MKM Partners reaffirmed a “buy” rating and issued a $97.00 price objective (up from $86.00) on shares of Take-Two Interactive Software in a report on Wednesday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $73.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday. Macquarie reaffirmed an “outperform” rating and issued a $99.00 price objective (up from $82.00) on shares of Take-Two Interactive Software in a report on Wednesday. Benchmark Co. reaffirmed a “buy” rating and issued a $100.00 price objective (up from $85.00) on shares of Take-Two Interactive Software in a report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $96.00 price objective (up from $87.00) on shares of Take-Two Interactive Software in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $85.22.

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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.

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