Asset Management One Co. Ltd. lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 10.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,941 shares of the company's stock after acquiring an additional 6,476 shares during the period. Asset Management One Co. Ltd.'s holdings in Take-Two Interactive Software were worth $10,136,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TTWO. Ninety One UK Ltd raised its holdings in Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company's stock worth $197,383,000 after buying an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Take-Two Interactive Software by 2,224.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company's stock worth $160,440,000 after acquiring an additional 1,034,000 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company's stock worth $128,442,000 after acquiring an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock worth $694,173,000 after acquiring an additional 666,198 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Take-Two Interactive Software by 1,780.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company's stock worth $70,807,000 after acquiring an additional 436,150 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.
Shares of TTWO opened at $179.17 on Friday. The firm's 50 day simple moving average is $156.43 and its 200 day simple moving average is $153.44. The company has a market capitalization of $31.40 billion, a P/E ratio of -8.04, a P/E/G ratio of 4.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $180.53.
Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.24 billion. Sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 1.01 earnings per share for the current fiscal year.
In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.45% of the company's stock.
TTWO has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Take-Two Interactive Software from $173.00 to $176.00 and gave the stock a "buy" rating in a research note on Thursday. BMO Capital Markets upped their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday. Oppenheimer increased their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their price target on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $188.05.
View Our Latest Report on Take-Two Interactive Software
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
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