K.J. Harrison & Partners Inc Buys 1,000 Shares of Take-Two Interactive Software, Inc. (TTWO)

K.J. Harrison & Partners Inc lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 20.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,000 shares of the company’s stock after buying an additional 1,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Take-Two Interactive Software were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTWO. Smithfield Trust Co. bought a new position in shares of Take-Two Interactive Software in the second quarter worth about $125,000. 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 during the period. Fortaleza Asset Management Inc. bought a new position in shares of Take-Two Interactive Software in the second quarter worth about $134,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Take-Two Interactive Software in the second quarter worth about $183,000. Finally, Conning Inc. bought a new position in shares of Take-Two Interactive Software in the second quarter worth about $203,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software, Inc. (NASDAQ TTWO) traded down 0.52% during trading on Wednesday, reaching $110.08. The company’s stock had a trading volume of 161,078 shares. The firm has a market capitalization of $11.50 billion, a P/E ratio of 64.98 and a beta of 0.78. Take-Two Interactive Software, Inc. has a one year low of $43.33 and a one year high of $111.11. The stock has a 50-day moving average of $103.16 and a 200 day moving average of $84.44.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. On average, equities research analysts predict that Take-Two Interactive Software, Inc. will post $2.21 EPS for the current fiscal year.

Several research analysts have recently commented on TTWO shares. Benchmark Co. reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Take-Two Interactive Software in a research note on Saturday, September 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, September 12th. Barclays PLC started coverage on Take-Two Interactive Software in a research note on Wednesday, October 4th. They issued an “overweight” rating and a $115.00 price objective on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, October 12th. Finally, MKM Partners raised their price objective on Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $96.30.

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In other Take-Two Interactive Software news, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.68, for a total transaction of $2,630,400.00. Following the completion of the transaction, the chief financial officer now owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 465 shares of the 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 transaction, the director now directly owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Insiders have sold 87,465 shares of company stock valued at $7,677,331 in the last three months. Insiders own 1.55% of the company’s stock.

About Take-Two Interactive Software

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

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