Municipal Employees Retirement System of Michigan Acquires 16,970 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Municipal Employees Retirement System of Michigan raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 73.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,080 shares of the company’s stock after buying an additional 16,970 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Take-Two Interactive Software were worth $2,941,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after buying an additional 101 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the first quarter worth $114,000. Crow Point Partners LLC raised its stake 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 in the last quarter. Salem Investment Counselors Inc. raised its stake 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 in the last quarter. Finally, Neuburgh Advisers LLC raised its stake in shares of Take-Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock worth $176,000 after buying an additional 560 shares in the last quarter. 95.60% of the stock is currently owned by institutional investors.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) opened at 92.07 on Friday. The firm has a market capitalization of $9.62 billion, a P/E ratio of 54.35 and a beta of 0.83. Take-Two Interactive Software, Inc. has a 12 month low of $40.63 and a 12 month high of $93.09. The company’s 50 day moving average price is $81.73 and its 200 day moving average price is $68.44.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) earnings per share. Analysts anticipate that Take-Two Interactive Software, Inc. will post $2.16 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Municipal Employees Retirement System of Michigan Acquires 16,970 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/municipal-employees-retirement-system-of-michigan-boosts-position-in-take-two-interactive-software-inc-nasdaqttwo-updated-updated.html.

A number of brokerages have weighed in on TTWO. Credit Suisse Group reaffirmed a “hold” rating and issued a $71.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, May 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Take-Two Interactive Software in a report on Monday, July 10th. Cowen and Company reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $108.00 price objective (up previously from $91.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Finally, MKM Partners reissued a “buy” rating and set a $97.00 price target (up previously from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $85.22.

In related news, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the completion of the transaction, the director now owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel P. Emerson sold 5,884 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total transaction of $451,185.12. Following the completion of the transaction, the vice president now directly owns 117,019 shares of the company’s stock, valued at approximately $8,973,016.92. The disclosure for this sale can be found here. Insiders sold a total of 147,305 shares of company stock valued at $12,321,946 in the last ninety days. Company 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.

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

What are top analysts saying about Take-Two Interactive Software Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Take-Two Interactive Software Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit