First Midwest Bank Trust Division Has $511,000 Stock Position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

First Midwest Bank Trust Division reduced its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 22.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,504 shares of the company’s stock after selling 1,324 shares during the quarter. First Midwest Bank Trust Division’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock worth $159,151,000 after buying an additional 141,833 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth $309,000. Advisory Services Network LLC acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth $46,000. Norges Bank acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth $108,310,000. Finally, First Hawaiian Bank increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 46.7% during the first quarter. First Hawaiian Bank now owns 440 shares of the company’s stock worth $42,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 93.92% of the company’s stock.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 8,758 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $109.92, for a total value of $962,679.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 25,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total transaction of $2,718,500.00. The disclosure for this sale can be found here. Insiders sold 33,993 shares of company stock worth $3,706,028 over the last ninety days. Insiders own 1.07% of the company’s stock.

Several equities research analysts have recently weighed in on TTWO shares. ValuEngine upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Buckingham Research decreased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Benchmark reiterated a “buy” rating and set a $130.00 price objective (up from $124.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Monday, June 17th. Wedbush increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $126.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays decreased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $113.00 and set an “overweight” rating for the company in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $126.73.

Shares of NASDAQ TTWO opened at $121.36 on Friday. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 3.79 and a beta of 0.80. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $84.41 and a 12-month high of $139.91. The business’s fifty day moving average is $115.84.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The company had revenue of $488.40 million for the quarter, compared to the consensus estimate of $500.86 million. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.93 EPS for the current fiscal year.

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 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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