Deltec Asset Management LLC Takes Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Deltec Asset Management LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 20,500 shares of the company’s stock, valued at approximately $3,622,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Regent Investment Management LLC increased its holdings in Take-Two Interactive Software by 31.4% during the first quarter. Regent Investment Management LLC now owns 8,785 shares of the company’s stock worth $1,552,000 after buying an additional 2,100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Take-Two Interactive Software by 3.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,158 shares of the company’s stock worth $3,739,000 after buying an additional 637 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Take-Two Interactive Software by 51.0% during the first quarter. Exchange Traded Concepts LLC now owns 23,689 shares of the company’s stock worth $4,186,000 after buying an additional 8,001 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Take-Two Interactive Software by 84.9% during the first quarter. International Assets Investment Management LLC now owns 281 shares of the company’s stock worth $55,000 after buying an additional 129 shares during the last quarter. Finally, Wambolt & Associates LLC increased its holdings in Take-Two Interactive Software by 48.3% during the first quarter. Wambolt & Associates LLC now owns 2,817 shares of the company’s stock worth $507,000 after buying an additional 917 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

TTWO has been the topic of a number of recent analyst reports. Truist boosted their target price on shares of Take-Two Interactive Software from $175.00 to $220.00 in a report on Tuesday, February 2nd. Credit Suisse Group lifted their price objective on shares of Take-Two Interactive Software from $199.00 to $204.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 9th. Cowen lifted their price objective on shares of Take-Two Interactive Software from $213.00 to $229.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 9th. Barclays reaffirmed a “buy” rating and set a $210.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, February 15th. Finally, Raymond James started coverage on shares of Take-Two Interactive Software in a research report on Monday, January 25th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $199.08.

In related news, CEO Strauss Zelnick sold 270,984 shares of the company’s stock in a transaction that occurred on Tuesday, April 13th. The stock was sold at an average price of $182.90, for a total value of $49,562,973.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Shares of Take-Two Interactive Software stock traded down $2.81 on Friday, hitting $175.57. The stock had a trading volume of 13,390 shares, compared to its average volume of 1,348,406. The stock has a 50 day moving average of $175.49 and a 200 day moving average of $183.08. Take-Two Interactive Software, Inc. has a twelve month low of $118.01 and a twelve month high of $214.91. The firm has a market capitalization of $20.22 billion, a P/E ratio of 43.19, a PEG ratio of 3.91 and a beta of 0.62.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Sunday, February 7th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.29. Take-Two Interactive Software had a return on equity of 27.32% and a net margin of 14.10%. The business had revenue of $814.30 million for the quarter, compared to analysts’ expectations of $752.76 million. During the same period in the prior year, the business posted $1.63 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. On average, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 4.26 earnings per share 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 Redemption names; and offers episodes, content, and virtual currency.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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