Asset Management One Co. Ltd. grew its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,565 shares of the company’s stock after purchasing an additional 4,350 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of TAKE-TWO INTERACTIVE SOFTWARE worth $6,535,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Cornerstone Advisors Inc. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 121.0% in the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $28,000. CSat Investment Advisory L.P. lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 65.5% during the first quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 133 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 36.6% during the second quarter. Commonwealth Bank of Australia now owns 325 shares of the company’s stock worth $35,000 after purchasing an additional 87 shares during the period. Finally, Capital Investment Advisory Services LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 92.06% of the company’s stock.
In related news, CEO Strauss Zelnick sold 20,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $130.18, for a total value of $2,603,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 4,500 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $126.77, for a total transaction of $570,465.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,726 shares of company stock worth $3,202,742. Insiders own 1.20% of the company’s stock.
TAKE-TWO INTERACTIVE SOFTWARE stock opened at $123.97 on Friday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a fifty-two week low of $84.41 and a fifty-two week high of $139.91. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 4.74 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.45. The stock has a fifty day moving average of $129.25 and a two-hundred day moving average of $111.63.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.14. The company had revenue of $422.24 million for the quarter, compared to analysts’ expectations of $356.65 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. The firm’s quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. Jefferies Financial Group boosted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. They noted that the move was a valuation call. Wedbush restated a “buy” rating and issued a $144.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, August 6th. Barclays boosted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $113.00 to $124.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Benchmark boosted their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and an average price target of $132.78.
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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