HS Alliance
Strs Ohio reduced its position in Take-Two Interactive Software, Inc. (NASDAQ: TTWO – Get Rating) by 24.6% during the first quarter, HoldingsChannel reports. The fund held 5,604 shares of the company after selling 1,832 shares during the quarter. Strs Ohio’s holdings in Take-Two Interactive Software were worth $861,000 when it last filed with the SEC.
Other hedge funds have also increased or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in Take-Two Interactive Software by 140.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 178 shares of the company valued at $32,000 after purchasing an additional 104 shares last quarter. Huntington National Bank increased its stake in Take-Two Interactive Software by 62.3% during the fourth quarter. National Bank Huntington now owns 185 shares of the company valued at $33,000 after buying 71 additional shares in the last quarter. Hanson & Doremus Investment Management increased its stake in Take-Two Interactive Software by 632.1% during the 4th quarter. Hanson & Doremus Investment Management now owns 205 shares of the company valued at $36,000 after buying 177 additional shares last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Take-Two Interactive Software during Q4 worth approximately $37,000. Finally, Parkside Financial Bank & Trust increased its holdings of Take-Two Interactive Software shares by 40.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 230 shares of the company worth $41,000 after buying 66 more shares in the last quarter. Hedge funds and other institutional investors hold 88.08% of the company’s shares.
Take-Two Interactive Software Stock Performance
Shares of TTWO opened at $123.85 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week minimum of $101.85 and a fifty-two week maximum of $195.82. The stock has a 50-day moving average price of $123.14 and a two-hundred-day moving average price of $142.83. The company has a market capitalization of $14.34 billion, a P/E ratio of 34.60, a PEG ratio of 1.69 and a beta of 0.74.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last reported quarterly earnings data on Monday, May 16. The company reported earnings per share of $0.95 for the quarter, beating the consensus estimate of $0.70 by $0.25. The company posted revenue of $845.78 million in the quarter, versus a consensus estimate of $884.62 million. Take-Two Interactive Software achieved a return on equity of 12.63% and a net margin of 11.93%. The company’s revenue increased 7.8% year over year. In the same quarter a year earlier, the company posted earnings per share of $1.66. As a group, stock analysts predict Take-Two Interactive Software, Inc. will post earnings per share of 3.33 for the current year.
Changes to analyst ratings
Several research analysts have recently commented on TTWO shares. Cowen reduced its price target on Take-Two Interactive Software from $229.00 to $185.00 in a Tuesday, May 17 report. JPMorgan Chase & Co. began covering Take-Two Interactive Software in a report on Thursday, June 9. They set an “overweight” rating and a price target of $175.00 for the company. Barclays reduced its price target on Take-Two Interactive Software to $171.00 in a Friday, May 27 report. MKM Partners cut its price target on Take-Two Interactive Software to $180.00 and gave the company a “na” rating in a Tuesday, May 17 report. Finally, Wedbush raised its price target on Take-Two Interactive Software from $145.00 to $162.00 and gave the stock an “outperform” rating in a Wednesday, June 8 report. Five analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.70.
Insider Activity at Take-Two Interactive Software
Separately, insider Daniel P. Emerson sold 3,381 shares of the company in a trade that took place on Wednesday, June 15. The stock was sold at an average price of $124.23, for a total transaction of $420,021.63. Following the completion of the transaction, the insider now owns 92,191 shares of the company, valued at $11,452,887.93. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Separately, insider Daniel P. Emerson sold 3,125 shares of the company in a trade that took place on Monday, June 6. The stock was sold at an average price of $127.78, for a total transaction of $399,312.50. Following the completion of the transaction, the insider now owns 95,572 shares of the company, valued at $12,212,190.16. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Additionally, insider Daniel P. Emerson sold 3,381 shares of the company in a trade that took place on Wednesday, June 15. The shares were sold at an average price of $124.23, for a total value of $420,021.63. Following the transaction, the insider now owns 92,191 shares of the company, valued at approximately $11,452,887.93. The disclosure of this sale can be found here. 0.90% of the shares are held by insiders.
About Take-Two Interactive Software
(Get a rating)
Take-Two Interactive Software, Inc. develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the names Rockstar Games, 2K, Private Division and T2 Mobile Games. It develops and publishes action/adventure products under the names Grand Theft Auto, Max Payne, Midnight Club and Red Dead Redemption; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully and Manhunt franchises.
See also
Want to see which other hedge funds own TTWO? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating).
Receive daily news and reviews for Take-Two Interactive Software – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Take-Two Interactive Software and related companies with MarketBeat.com’s FREE daily newsletter.