Take Two Interactive Software Inc (TTWO) Shares Sold by Impala Asset Management LLC

Impala Asset Management LLC lowered its position in shares of Take Two Interactive Software Inc (NASDAQ:TTWO) by 7.0% during the first quarter, Holdings Channel reports. The fund owned 963,118 shares of the company’s stock after selling 72,750 shares during the period. Take Two Interactive Software comprises 2.7% of Impala Asset Management LLC’s portfolio, making the stock its 9th largest position. Impala Asset Management LLC’s holdings in Take Two Interactive Software were worth $57,084,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TTWO. Fifth Third Bancorp boosted its stake in Take Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after buying an additional 101 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Take Two Interactive Software during the first quarter worth $114,000. Neuburgh Advisers LLC boosted its stake in shares of Take Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock worth $176,000 after buying an additional 560 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of Take Two Interactive Software during the fourth quarter worth $203,000. Finally, Alambic Investment Management L.P. bought a new stake in shares of Take Two Interactive Software during the first quarter worth $206,000.

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

Shares of Take Two Interactive Software Inc (NASDAQ TTWO) traded down 5.07% during trading on Friday, reaching $75.30. The company had a trading volume of 3,839,591 shares. The firm has a 50 day moving average price of $69.57 and a 200 day moving average price of $58.22. Take Two Interactive Software Inc has a 12 month low of $35.00 and a 12 month high of $80.54. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 105.31 and a beta of 0.86. Take Two Interactive Software also was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 1,444 call options on the stock. This represents an increase of 203% compared to the typical volume of 476 call options.

Take Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Tuesday, May 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The firm had revenue of $407.20 million during the quarter, compared to the consensus estimate of $354.10 million. Take Two Interactive Software had a net margin of 0.91% and a return on equity of 21.74%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. Analysts predict that Take Two Interactive Software Inc will post $1.68 earnings per share for the current year.

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TTWO has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 price target (up previously from $64.00) on shares of Take Two Interactive Software in a research report on Thursday, May 18th. Benchmark Co. reaffirmed a “buy” rating on shares of Take Two Interactive Software in a research report on Monday, April 24th. Zacks Investment Research raised Take Two Interactive Software from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, February 14th. MKM Partners reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $63.00) on shares of Take Two Interactive Software in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 price target on shares of Take Two Interactive Software in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Take Two Interactive Software presently has an average rating of “Buy” and an average target price of $72.41.

In other Take Two Interactive Software news, Director Michael Sheresky sold 516 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total transaction of $39,566.88. Following the completion of the sale, the director now directly owns 67,733 shares in the company, valued at $5,193,766.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Karl Slatoff sold 387,237 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $57.98, for a total transaction of $22,452,001.26. The disclosure for this sale can be found here. Insiders have sold 447,077 shares of company stock valued at $27,096,616 over the last 90 days. Company insiders own 2.50% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TTWO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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