Does This Provide a Reason to Sell Take-Two Interactive Software, Inc. (TTWO)? The Stock Has Formed Bearish H&S Chart Pattern

May 23, 2018 - By Vivian Park

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Logo

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.09, from 1.18 in 2017Q3. It is positive, as 45 investors sold Take-Two Interactive Software, Inc. shares while 123 reduced holdings. 93 funds opened positions while 120 raised stakes. 98.01 million shares or 2.20% less from 100.22 million shares in 2017Q3 were reported.
Fny Managed Accounts Ltd Limited Liability Company stated it has 0% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Shelton Capital Mngmt invested in 7,795 shares. Vanguard holds 10.43 million shares or 0.05% of its portfolio. Canada Pension Plan Board invested in 313,250 shares or 0.06% of the stock. Art Advisors Ltd Limited Liability Company owns 0.18% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 36,400 shares. Cubist Systematic Strategies Ltd has 0.24% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Hutchin Hill Ltd Partnership has 0.24% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Parametric Portfolio Assocs Limited Liability invested 0.03% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). New York-based Qs Limited Company has invested 0% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). British Columbia Inv Management Corp accumulated 124,063 shares or 0.1% of the stock. Natixis owns 0.08% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 93,095 shares. Jpmorgan Chase Co has invested 0.06% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). C M Bidwell & Assocs holds 2,240 shares or 0.21% of its portfolio. Cookson Peirce holds 0.45% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) or 43,495 shares. Massachusetts Svcs Ma reported 2.55M shares or 0.12% of all its holdings.

Since February 15, 2018, it had 0 buys, and 3 sales for $48.28 million activity. Slatoff Karl sold $24.12 million worth of stock or 252,197 shares. $24.12 million worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares were sold by ZELNICK STRAUSS.

The stock of Take-Two Interactive Software, Inc. (TTWO) formed H&S with $103.05 target or 9.00 % below today’s $113.24 share price. The 9 months Head & Shoulders indicates high risk for the $12.91B company. It was reported on May, 23 by Faxor.com. If the $103.05 price target is reached, the company will be worth $1.16 billion less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 2.35% or $2.72 during the last trading session, reaching $113.24. About 1.24M shares traded. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 67.39% since May 23, 2017 and is uptrending. It has outperformed by 55.84% the S&P500.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Ratings Coverage

Among 10 analysts covering Take-Two (NASDAQ:TTWO), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Take-Two has $150 highest and $12300 lowest target. $134.50’s average target is 18.77% above currents $113.24 stock price. Take-Two had 16 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) earned “Buy” rating by Robert W. Baird on Thursday, May 17. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) earned “Buy” rating by Piper Jaffray on Friday, April 6. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 8. The rating was maintained by Stifel Nicolaus on Monday, April 30 with “Buy”. The firm has “Hold” rating given on Thursday, May 17 by Credit Suisse. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) earned “Overweight” rating by Morgan Stanley on Thursday, February 8. The stock has “Buy” rating by Piper Jaffray on Thursday, May 17. As per Thursday, February 8, the company rating was maintained by Credit Suisse. The firm has “Overweight” rating by Morgan Stanley given on Thursday, April 19. Wedbush upgraded the stock to “Outperform” rating in Monday, April 30 report.

More notable recent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news were published by: Investorplace.com which released: “Game On: 3 Reasons to Buy Nintendo Ltd/ADR Stock Right Now” on May 22, 2018, also Fool.com with their article: “Is Take-Two Interactive Having a “Fortnite” Crisis?” published on May 16, 2018, Seekingalpha.com published: “Videogame sales rise 18% in April with broad gains as Sony scores” on May 22, 2018. More interesting news about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) were released by: Streetinsider.com and their article: “After-Hours Movers 5/16: (ESND) (EXTR) Higher; (ACXM) (CSCO) (TTWO) Lower (more…)” published on May 16, 2018 as well as 247Wallst.com‘s news article titled: “How Wall Street Misinterpreted Take-Two’s Guidance and Bookings” with publication date: May 17, 2018.

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for clients worldwide. The company has market cap of $12.91 billion. The firm offers its products under the Rockstar Games and 2K labels. It has a 73.63 P/E ratio. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Institutional Positions Chart

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