Public Employees Retirement System of Ohio lowered its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,598 shares of the company’s stock after selling 1,589 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $6,225,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ellevest Inc. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 49.3% during the second quarter. Ellevest Inc. now owns 224 shares of the company’s stock worth $31,000 after purchasing an additional 74 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.9% in the second quarter. Wealthfront Advisers LLC now owns 8,559 shares of the company’s stock valued at $1,195,000 after buying an additional 78 shares in the last quarter. Karp Capital Management Corp grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.4% in the second quarter. Karp Capital Management Corp now owns 23,744 shares of the company’s stock valued at $3,314,000 after buying an additional 84 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.4% during the first quarter. Rafferty Asset Management LLC now owns 19,740 shares of the company’s stock valued at $2,341,000 after purchasing an additional 85 shares during the period. Finally, Cigna Investments Inc. New lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 3.3% in the 1st quarter. Cigna Investments Inc. New now owns 3,158 shares of the company’s stock worth $375,000 after buying an additional 100 shares in the last quarter. 93.08% of the stock is currently owned by institutional investors and hedge funds.
In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Michael Sheresky sold 216 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $173.26, for a total value of $37,424.16. Following the completion of the sale, the director now directly owns 60,825 shares in the company, valued at $10,538,539.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 40,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $146.09, for a total transaction of $5,843,600.00. The disclosure for this sale can be found here. Insiders have sold 135,858 shares of company stock worth $20,736,546 over the last ninety days. 1.09% of the stock is currently owned by insiders.
Shares of NASDAQ:TTWO traded up $0.86 during mid-day trading on Wednesday, hitting $161.45. The stock had a trading volume of 6,995 shares, compared to its average volume of 2,006,724. The company’s 50 day moving average is $167.46 and its 200-day moving average is $139.07. The company has a market cap of $18.36 billion, a PE ratio of 41.18, a P/E/G ratio of 5.05 and a beta of 0.56. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $100.00 and a 12-month high of $180.61.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.45). TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.22% and a return on equity of 28.26%. The business had revenue of $996.20 million for the quarter, compared to analysts’ expectations of $845.44 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 125.3% compared to the same quarter last year. As a group, equities research analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.49 EPS for the current fiscal year.
A number of research analysts have commented on TTWO shares. Nomura increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $120.00 to $137.00 in a research note on Thursday, May 21st. UBS Group increased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Benchmark boosted their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $149.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Zacks Investment Research cut TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “hold” rating and set a $147.00 price objective on the stock. in a research note on Friday, June 5th. Finally, Wedbush lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $170.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $161.54.
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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