Swiss National Bank boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 23.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 440,007 shares of the company’s stock after buying an additional 83,100 shares during the period. Swiss National Bank’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $52,189,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of TTWO. Huntington National Bank increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 37.5% during the 4th quarter. Huntington National Bank now owns 455 shares of the company’s stock valued at $56,000 after buying an additional 124 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 170.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 681 shares of the company’s stock valued at $83,000 after buying an additional 429 shares in the last quarter. Janney Montgomery Scott LLC increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 4.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,949 shares of the company’s stock valued at $606,000 after buying an additional 217 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at approximately $344,000. Finally, First Midwest Bank Trust Division increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 2.1% during the 4th quarter. First Midwest Bank Trust Division now owns 4,600 shares of the company’s stock valued at $563,000 after buying an additional 96 shares in the last quarter. 88.80% of the stock is owned by institutional investors.
In related news, CEO Strauss Zelnick sold 216,665 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction on Monday, April 13th. The stock was sold at an average price of $118.97, for a total transaction of $25,776,635.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Lainie Goldstein sold 16,933 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $135.01, for a total value of $2,286,124.33. The disclosure for this sale can be found here. Insiders have sold 260,474 shares of company stock worth $31,648,198 over the last quarter. 1.20% of the stock is owned by company insiders.
A number of analysts have commented on the company. Oppenheimer lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday. SunTrust Banks reduced their target price on TAKE-TWO INTERACTIVE SOFTWARE from $133.00 to $129.00 and set a “buy” rating for the company in a report on Monday, February 10th. Stephens lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $110.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday. MKM Partners lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Wells Fargo & Co assumed coverage on TAKE-TWO INTERACTIVE SOFTWARE in a report on Sunday, April 19th. They issued an “overweight” rating and a $150.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $140.44.
NASDAQ TTWO opened at $140.51 on Friday. The company has a market capitalization of $15.67 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 4.86 and a beta of 0.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.63 and a current ratio of 1.71. The business’s fifty day moving average is $125.95 and its 200 day moving average is $121.09. TAKE-TWO INTERACTIVE SOFTWARE, INC has a fifty-two week low of $100.00 and a fifty-two week high of $149.28.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Wednesday, May 20th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.60. The company had revenue of $729.42 million for the quarter, compared to the consensus estimate of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.22% and a net margin of 13.09%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. On average, sell-side analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.14 EPS for the current year.
About TAKE-TWO INTERACTIVE SOFTWARE
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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