Gamco Investors INC. ET AL lessened its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 8.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 78,258 shares of the company’s stock after selling 7,425 shares during the period. Gamco Investors INC. ET AL’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $10,799,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 169.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 834 shares of the company’s stock valued at $115,000 after purchasing an additional 525 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at approximately $130,000. Piedmont Investment Advisors LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at approximately $155,000. IFP Advisors Inc boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 586.7% during the 3rd quarter. IFP Advisors Inc now owns 1,339 shares of the company’s stock valued at $185,000 after purchasing an additional 1,144 shares during the period. Finally, Clear Perspective Advisors LLC boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 86.7% during the 2nd quarter. Clear Perspective Advisors LLC now owns 1,400 shares of the company’s stock valued at $166,000 after purchasing an additional 650 shares during the period. Institutional investors own 93.93% of the company’s stock.
Shares of TTWO stock opened at $113.05 on Friday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12 month low of $92.81 and a 12 month high of $139.91. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 64.60, a PEG ratio of 2.47 and a beta of 1.09.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. The company had revenue of $583.42 million during the quarter, compared to the consensus estimate of $549.87 million. During the same quarter last year, the company earned $1.09 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 earnings per share for the current fiscal year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, VP Daniel P. Emerson sold 13,268 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total value of $1,640,322.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Sheresky sold 295 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $129.07, for a total value of $38,075.65. Following the completion of the sale, the director now owns 69,168 shares of the company’s stock, valued at approximately $8,927,513.76. The disclosure for this sale can be found here. Insiders sold a total of 36,463 shares of company stock valued at $4,664,100 in the last quarter. Corporate insiders own 1.07% of the company’s stock.
Several brokerages recently weighed in on TTWO. Barclays set a $144.00 target price on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday. BidaskClub downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Jefferies Financial Group increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Credit Suisse Group increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $137.00 and gave the company a “neutral” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $144.94.
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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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