Sentry Investment Management LLC Reduces Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sentry Investment Management LLC cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 833 shares of the company’s stock after selling 89 shares during the period. Sentry Investment Management LLC’s holdings in Take-Two Interactive Software were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TTWO. Wellington Management Group LLP grew its position in Take-Two Interactive Software by 192.4% in the third quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock worth $8,811,000 after acquiring an additional 41,297 shares during the period. Laurion Capital Management LP purchased a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $17,169,000. Rheos Capital Works Inc. grew its stake in shares of Take-Two Interactive Software by 380.3% in the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock valued at $38,419,000 after buying an additional 189,000 shares in the last quarter. Caxton Associates LP boosted its stake in shares of Take-Two Interactive Software by 4,029.8% in the third quarter. Caxton Associates LP now owns 70,000 shares of the company’s stock valued at $9,827,000 after purchasing an additional 68,305 shares during the period. Finally, Mariner LLC grew its position in shares of Take-Two Interactive Software by 223.2% during the third quarter. Mariner LLC now owns 497,060 shares of the company’s stock worth $69,783,000 after buying an additional 343,277 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Down 1.6 %

Shares of NASDAQ TTWO opened at $143.16 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. Take-Two Interactive Software, Inc. has a 1 year low of $119.57 and a 1 year high of $171.59. The stock’s 50-day simple moving average is $149.44 and its 200-day simple moving average is $152.15. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of -16.69, a PEG ratio of 1.24 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on TTWO. Moffett Nathanson cut shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $169.00 to $167.00 in a report on Monday, February 5th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Wells Fargo & Company upped their target price on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Wedbush reissued an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.39.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now directly owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is owned by corporate insiders.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.