Parametric Portfolio Associates LLC Grows Stake in Take-Two Interactive Software Inc (TTWO)

Parametric Portfolio Associates LLC grew its stake in shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) by 103.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,857 shares of the company’s stock after purchasing an additional 112,870 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.19% of Take-Two Interactive Software worth $22,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Dupont Capital Management Corp purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $102,000. Invictus RG grew its position in shares of Take-Two Interactive Software by 1,188.8% during the third quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after acquiring an additional 951 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Take-Two Interactive Software by 124.1% during the third quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after acquiring an additional 900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Take-Two Interactive Software by 233.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock worth $173,000 after acquiring an additional 1,186 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Take-Two Interactive Software by 1,088.9% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,712 shares of the company’s stock worth $175,000 after acquiring an additional 1,568 shares during the last quarter. 91.15% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on TTWO shares. Buckingham Research started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, September 20th. They set a “buy” rating and a $120.00 target price on the stock. Oppenheimer restated a “buy” rating and set a $112.00 target price (up from $93.00) on shares of Take-Two Interactive Software in a research report on Monday, September 25th. Barclays started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, October 4th. They set an “overweight” rating and a $115.00 target price on the stock. Cowen lowered shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 target price on the stock. in a research report on Monday, October 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $105.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $114.23.

Take-Two Interactive Software Inc (NASDAQ TTWO) traded up $2.13 during trading on Wednesday, reaching $116.09. The company’s stock had a trading volume of 1,595,891 shares, compared to its average volume of 1,577,264. Take-Two Interactive Software Inc has a 12 month low of $51.35 and a 12 month high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $13,240.00, a P/E ratio of 106.50, a P/E/G ratio of 3.40 and a beta of 0.80.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Tuesday, November 7th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.22. Take-Two Interactive Software had a return on equity of 27.10% and a net margin of 6.58%. equities analysts anticipate that Take-Two Interactive Software Inc will post 2.24 EPS for the current fiscal year.

In other Take-Two Interactive Software news, Director Michael Dornemann sold 5,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $118.50, for a total value of $651,750.00. Following the completion of the sale, the director now owns 4,777 shares of the company’s stock, valued at $566,074.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 31,004 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The disclosure for this sale can be found here. In the last three months, insiders sold 66,504 shares of company stock valued at $7,729,606. 1.55% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/01/17/take-two-interactive-software-inc-ttwo-shares-bought-by-parametric-portfolio-associates-llc.html.

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)

Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply