USA Financial Portformulas Corp Buys New Position in Take-Two Interactive Software, Inc. (TTWO)

USA Financial Portformulas Corp acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,436 shares of the company’s stock, valued at approximately $546,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Take-Two Interactive Software by 1.4% during the second quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock valued at $615,847,000 after buying an additional 115,430 shares during the period. JPMorgan Chase & Co. increased its position in shares of Take-Two Interactive Software by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 4,158,753 shares of the company’s stock valued at $305,169,000 after buying an additional 78,006 shares during the period. State Street Corp increased its position in shares of Take-Two Interactive Software by 62.1% during the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after buying an additional 1,193,381 shares during the period. Renaissance Technologies LLC increased its position in shares of Take-Two Interactive Software by 1,045.2% during the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after buying an additional 1,781,500 shares during the period. Finally, Harbour Capital Advisors LLC increased its position in shares of Take-Two Interactive Software by 7,304.4% during the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after buying an additional 1,615,360 shares during the period. Institutional investors own 97.31% of the company’s stock.

In related news, CFO Lainie Goldstein sold 30,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the transaction, the chief financial officer now directly owns 409,019 shares in the company, valued at approximately $35,862,785.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the transaction, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,465 shares of company stock valued at $7,677,331. Company insiders own 1.55% of the company’s stock.

Shares of Take-Two Interactive Software, Inc. (NASDAQ TTWO) traded up 0.44% on Friday, reaching $105.89. 410,259 shares of the company were exchanged. Take-Two Interactive Software, Inc. has a 52 week low of $43.33 and a 52 week high of $107.53. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 62.51 and a beta of 0.78. The firm’s 50 day moving average price is $102.09 and its 200 day moving average price is $82.99.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The business had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. During the same period in the previous year, the business posted ($0.21) EPS. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post $2.20 EPS for the current year.

TTWO has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price target on shares of Take-Two Interactive Software in a research report on Monday, July 10th. Cowen and Company reiterated a “buy” rating and set a $79.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. BidaskClub upgraded shares of Take-Two Interactive Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group restated a “hold” rating and issued a $73.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $94.20.

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Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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