Navellier & Associates Inc reduced its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 13.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,991 shares of the company’s stock after selling 1,575 shares during the period. Navellier & Associates Inc’s holdings in Take-Two Interactive Software were worth $733,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. USA Financial Portformulas Corp acquired a new position in Take-Two Interactive Software in the 2nd quarter worth about $546,000. Cookson Peirce & Co. Inc. acquired a new position in Take-Two Interactive Software in the 2nd quarter worth about $423,000. Public Employees Retirement System of Ohio increased its position in Take-Two Interactive Software by 1,362.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 47,266 shares of the company’s stock worth $3,468,000 after purchasing an additional 44,033 shares during the last quarter. Koch Industries Inc. acquired a new position in Take-Two Interactive Software in the 2nd quarter worth about $273,000. Finally, Nomura Holdings Inc. acquired a new position in Take-Two Interactive Software in the 2nd quarter worth about $385,000. 96.70% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on TTWO shares. Benchmark Co. reaffirmed a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Take-Two Interactive Software in a research report on Saturday, September 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, September 12th. Barclays PLC started coverage on Take-Two Interactive Software in a research report on Wednesday, October 4th. They issued an “overweight” rating and a $115.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, October 12th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $79.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, July 11th. One 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 company’s stock. Take-Two Interactive Software presently has a consensus rating of “Buy” and a consensus price target of $92.95.

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

In other news, Director Michael Dornemann sold 7,000 shares of the company’s stock in a transaction that occurred 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 owns 9,394 shares of the company’s stock, valued at $824,793.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Insiders sold 87,465 shares of company stock worth $7,677,331 in the last ninety days. 1.55% of the stock is owned by company insiders.

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Take-Two Interactive Software Company Profile

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

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