Ibex Investors LLC Purchases Shares of 1,556 TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

Ibex Investors LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,556 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds have also modified their holdings of the company. Eqis Capital Management Inc. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at $207,000. Piedmont Investment Advisors LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at $155,000. Raymond James Financial Services Advisors Inc. grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 33.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,519 shares of the company’s stock valued at $1,245,000 after acquiring an additional 2,648 shares during the period. Alps Advisors Inc. grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 268.8% in the 2nd quarter. Alps Advisors Inc. now owns 10,154 shares of the company’s stock valued at $1,115,000 after acquiring an additional 7,401 shares during the period. Finally, Jennison Associates LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at $30,842,000. Institutional investors and hedge funds own 90.37% of the company’s stock.

A number of research firms recently issued reports on TTWO. BidaskClub cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Barclays set a $144.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Thursday, November 8th. Stifel Nicolaus lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. TheStreet cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a “b” rating to a “c+” rating in a research note on Wednesday, November 7th. Finally, Wedbush set a $150.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $144.53.

NASDAQ TTWO opened at $101.69 on Thursday. The firm has a market cap of $11.58 billion, a PE ratio of 58.11, a P/E/G ratio of 1.77 and a beta of 1.11. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52 week low of $92.81 and a 52 week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.16. The firm had revenue of $583.42 million for the quarter, compared to analyst estimates of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 EPS. As a group, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.37 earnings per share for the current year.

In related news, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.07% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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