Howard Hughes Medical Institute Sells 530 Shares of Take-Two Interactive Software, Inc. (TTWO)

Howard Hughes Medical Institute lowered its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,649 shares of the company’s stock after selling 530 shares during the period. Howard Hughes Medical Institute’s holdings in Take-Two Interactive Software were worth $415,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its holdings in shares of Take-Two Interactive Software by 0.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock valued at $715,000 after purchasing an additional 39 shares during the last quarter. Cigna Investments Inc. New grew its holdings in shares of Take-Two Interactive Software by 1.3% during the 2nd quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock valued at $291,000 after purchasing an additional 52 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Take-Two Interactive Software by 6.4% during the 1st quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after purchasing an additional 101 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Take-Two Interactive Software by 1.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,194 shares of the company’s stock valued at $528,000 after purchasing an additional 129 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Take-Two Interactive Software by 0.7% during the 1st quarter. Neuberger Berman Group LLC now owns 31,730 shares of the company’s stock valued at $1,881,000 after purchasing an additional 230 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.

Take-Two Interactive Software, Inc. (NASDAQ TTWO) traded up 1.01% during midday trading on Friday, hitting $100.39. 2,323,614 shares of the stock traded hands. Take-Two Interactive Software, Inc. has a 52-week low of $41.70 and a 52-week high of $101.40. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 59.26 and a beta of 0.77. The firm’s 50-day moving average is $92.79 and its 200-day moving average is $73.92.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The business had revenue of $348.30 million for the quarter, compared to analysts’ expectations of $280.70 million. During the same quarter in the previous year, the business posted ($0.21) earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. Analysts predict that Take-Two Interactive Software, Inc. will post $2.19 EPS for the current year.

In other news, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the transaction, the director now directly owns 69,006 shares in the company, valued at $6,207,779.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. 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. Company insiders own 1.55% of the company’s stock.

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Several research firms recently commented on TTWO. Benchmark Co. reaffirmed a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Take-Two Interactive Software in a report on Saturday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, September 12th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $100.00 target price on shares of Take-Two Interactive Software in a report on Sunday, September 10th. Cowen and Company reaffirmed a “buy” rating and set a $83.00 target price on shares of Take-Two Interactive Software in a report on Friday, September 8th. Finally, KeyCorp reaffirmed a “buy” rating and set a $104.00 target price on shares of Take-Two Interactive Software in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $87.95.

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)

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