Oppenheimer Asset Management Inc. Trims Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.9% in the third quarter, Holdings Channel reports. The institutional investor owned 23,086 shares of the company’s stock after selling 457 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTWO. WCM Investment Management LLC increased its stake in shares of Take-Two Interactive Software by 28.6% in the third quarter. WCM Investment Management LLC now owns 12,895 shares of the company’s stock worth $1,974,000 after purchasing an additional 2,867 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Take-Two Interactive Software by 5.9% in the third quarter. Principal Financial Group Inc. now owns 189,496 shares of the company’s stock worth $29,127,000 after purchasing an additional 10,491 shares in the last quarter. Creative Planning increased its stake in shares of Take-Two Interactive Software by 27.6% in the second quarter. Creative Planning now owns 26,244 shares of the company’s stock worth $4,081,000 after purchasing an additional 5,681 shares in the last quarter. Beech Hill Advisors Inc. increased its stake in shares of Take-Two Interactive Software by 107.5% in the third quarter. Beech Hill Advisors Inc. now owns 14,999 shares of the company’s stock worth $2,305,000 after purchasing an additional 7,769 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. grew its stake in Take-Two Interactive Software by 30.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company’s stock valued at $3,978,000 after acquiring an additional 6,027 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the sale, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group raised their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer raised their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America reaffirmed a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Finally, Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $188.70.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $177.62 on Friday. The firm has a 50-day moving average price of $158.99 and a 200-day moving average price of $154.99. The firm has a market capitalization of $31.20 billion, a PE ratio of -8.39, a price-to-earnings-growth ratio of 5.48 and a beta of 0.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $182.62.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.