Syntal Capital Partners LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,374 shares of the company’s stock after purchasing an additional 1,142 shares during the period. Take-Two Interactive Software accounts for approximately 0.8% of Syntal Capital Partners LLC’s investment portfolio, making the stock its 12th biggest position. Syntal Capital Partners LLC’s holdings in Take-Two Interactive Software were worth $1,060,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in TTWO. Teachers Advisors LLC raised its position in Take-Two Interactive Software by 0.5% during the 1st quarter. Teachers Advisors LLC now owns 635,386 shares of the company’s stock worth $37,659,000 after purchasing an additional 2,869 shares during the last quarter. Nuveen Asset Management LLC raised its position in Take-Two Interactive Software by 1,011.3% during the 1st quarter. Nuveen Asset Management LLC now owns 67,410 shares of the company’s stock worth $3,995,000 after purchasing an additional 61,344 shares during the last quarter. KAMES CAPITAL plc bought a new position in Take-Two Interactive Software during the 2nd quarter worth $1,080,000. Glaxis Capital Management LLC bought a new position in Take-Two Interactive Software during the 2nd quarter worth $881,000. Finally, Gateway Investment Advisers LLC bought a new position in Take-Two Interactive Software during the 2nd quarter worth $6,544,000. 98.46% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on TTWO. Benchmark Co. reaffirmed a “buy” rating and set a $100.00 target price (up from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 target price (up from $79.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. KeyCorp set a $104.00 target price on Take-Two Interactive Software and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $100.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. lifted their price objective on Take-Two Interactive Software from $85.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $96.30.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. Take-Two Interactive Software’s revenue was up 27.8% on a year-over-year basis.
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In related news, Director Michael Sheresky sold 465 shares of the stock in a transaction dated 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 directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.55% of the stock is owned by corporate insiders.
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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