Belpointe Asset Management LLC Trims Stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

Belpointe Asset Management LLC trimmed its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 77.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,618 shares of the company’s stock after selling 5,498 shares during the quarter. Belpointe Asset Management LLC’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $167,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTWO. Lavaca Capital LLC acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth about $25,000. Phocas Financial Corp. acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth approximately $26,000. Synovus Financial Corp increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 381.5% during the fourth quarter. Synovus Financial Corp now owns 260 shares of the company’s stock worth $27,000 after buying an additional 206 shares during the period. TCI Wealth Advisors Inc. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 348.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock worth $29,000 after buying an additional 216 shares during the period. Finally, Kistler Tiffany Companies LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth approximately $31,000. 95.44% of the stock is owned by hedge funds and other institutional investors.

TTWO has been the topic of a number of recent research reports. BidaskClub lowered TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. TheStreet upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “c+” rating to a “b+” rating in a research note on Wednesday, February 6th. Morgan Stanley decreased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Goldman Sachs Group started coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, January 30th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Robert W. Baird decreased their price target on TAKE-TWO INTERACTIVE SOFTWARE to $114.00 and set an “outperform” rating on the stock in a research note on Thursday, February 7th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $132.02.

Shares of NASDAQ:TTWO traded up $3.35 on Friday, hitting $96.25. The company had a trading volume of 1,390,100 shares, compared to its average volume of 2,750,561. The company has a market capitalization of $10.57 billion, a P/E ratio of 55.00, a P/E/G ratio of 1.42 and a beta of 1.01. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52-week low of $84.41 and a 52-week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Wednesday, February 6th. The company reported $3.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $1.17. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.92% and a net margin of 14.26%. The business’s quarterly revenue was up 139.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. Sell-side analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.15 EPS for the current year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $94.05, for a total transaction of $13,600,946.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.07% of the company’s stock.

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TAKE-TWO INTERACTIVE SOFTWARE 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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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