Majedie Asset Management Ltd raised its position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,228 shares of the company’s stock after buying an additional 4,020 shares during the period. Majedie Asset Management Ltd’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $6,161,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of TTWO. Lavaca Capital LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at $25,000. Phocas Financial Corp. purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter valued at about $26,000. Synovus Financial Corp raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 206 shares during the period. TCI Wealth Advisors Inc. raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 348.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock valued at $29,000 after buying an additional 216 shares during the period. Finally, Kistler Tiffany Companies LLC purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.
In related news, CEO Strauss Zelnick sold 144,614 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $94.05, for a total transaction of $13,600,946.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.07% of the stock is currently owned by insiders.
Shares of NASDAQ TTWO traded up $5.45 during trading hours on Wednesday, hitting $109.00. 70,656 shares of the company’s stock were exchanged, compared to its average volume of 1,788,475. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 1-year low of $84.41 and a 1-year high of $139.91. The stock has a market capitalization of $11.32 billion, a PE ratio of 28.04, a P/E/G ratio of 1.62 and a beta of 0.99.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.95% and a net margin of 12.51%. The business had revenue of $488.40 million for the quarter, compared to analyst estimates of $500.86 million. During the same period in the prior year, the firm posted $0.70 EPS. TAKE-TWO INTERACTIVE SOFTWARE’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, sell-side analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.54 earnings per share for the current fiscal year.
TTWO has been the subject of a number of analyst reports. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Wedbush restated an “in-line” rating and issued a $126.00 target price (up previously from $119.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday. KeyCorp lowered their target price on TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday. Barclays lowered their target price on TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $113.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Piper Jaffray Companies decreased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $119.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $126.12.
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TAKE-TWO INTERACTIVE SOFTWARE Company 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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