First Mercantile Trust Co. boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 13.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,865 shares of the company’s stock after buying an additional 2,280 shares during the period. First Mercantile Trust Co.’s holdings in Take-Two Interactive Software were worth $1,458,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Take-Two Interactive Software during the first quarter worth about $114,000. Smithfield Trust Co. bought a new position in shares of Take-Two Interactive Software during the second quarter worth about $125,000. Crow Point Partners LLC boosted its position in shares of Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after buying an additional 689 shares during the period. Finally, Salem Investment Counselors Inc. boosted its position in shares of Take-Two Interactive Software by 5,168.8% in the first quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the company’s stock worth $162,000 after buying an additional 4,807 shares during the period. 97.30% of the stock is owned by hedge funds and other institutional investors.
Shares of Take-Two Interactive Software, Inc. (NASDAQ TTWO) opened at 88.32 on Friday. Take-Two Interactive Software, Inc. has a 12 month low of $40.63 and a 12 month high of $92.22. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 52.14 and a beta of 0.83. The company’s 50-day moving average is $78.61 and its 200-day moving average is $66.83.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) earnings per share. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post $2.16 earnings per share for the current fiscal year.
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TTWO has been the subject of a number of research analyst reports. Piper Jaffray Companies increased their target price on shares of Take-Two Interactive Software from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, June 7th. Zacks Investment Research cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 target price (up from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. Benchmark Co. reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Take-Two Interactive Software in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.22.
In other news, VP Daniel P. Emerson sold 18,440 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $76.21, for a total value of $1,405,312.40. Following the completion of the sale, the vice president now directly owns 135,088 shares in the company, valued at $10,295,056.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. The disclosure for this sale can be found here. Insiders sold 146,840 shares of company stock valued at $12,280,114 over the last three months. Insiders own 1.55% of the company’s stock.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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