Van ECK Associates Corp Sells 34,478 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Van ECK Associates Corp reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,550 shares of the company’s stock after selling 34,478 shares during the quarter. Van ECK Associates Corp owned about 0.15% of Take-Two Interactive Software worth $41,613,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TTWO. CVA Family Office LLC bought a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. MCF Advisors LLC raised its stake in shares of Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Take-Two Interactive Software by 110.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $27,000. 95.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $142.81 on Wednesday. The stock has a market cap of $24.36 billion, a price-to-earnings ratio of -16.64, a PEG ratio of 1.20 and a beta of 0.74. The firm’s 50-day moving average is $147.14 and its 200 day moving average is $152.28. Take-Two Interactive Software, Inc. has a 1 year low of $119.57 and a 1 year high of $171.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82.

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. BMO Capital Markets assumed coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, April 19th. Finally, Moffett Nathanson downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $167.00 in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.61.

Take-Two Interactive Software Company Profile

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.