ARP Americas LLC increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,100 shares of the company’s stock after purchasing an additional 1,200 shares during the period. ARP Americas LLC’s holdings in Take-Two Interactive Software were worth $521,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Canada Pension Plan Investment Board grew its stake in Take-Two Interactive Software by 130.9% in the third quarter. Canada Pension Plan Investment Board now owns 345,400 shares of the company’s stock valued at $35,310,000 after acquiring an additional 195,800 shares during the period. New York State Teachers Retirement System lifted its holdings in Take-Two Interactive Software by 2.1% during the third quarter. New York State Teachers Retirement System now owns 173,388 shares of the company’s stock worth $17,725,000 after acquiring an additional 3,500 shares during the period. Westpac Banking Corp lifted its holdings in Take-Two Interactive Software by 107.7% during the third quarter. Westpac Banking Corp now owns 13,500 shares of the company’s stock worth $1,380,000 after acquiring an additional 7,000 shares during the period. K.J. Harrison & Partners Inc lifted its holdings in Take-Two Interactive Software by 20.0% during the third quarter. K.J. Harrison & Partners Inc now owns 6,000 shares of the company’s stock worth $613,000 after acquiring an additional 1,000 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Take-Two Interactive Software during the third quarter worth $245,000. 98.46% of the stock is owned by hedge funds and other institutional investors.
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Several equities analysts have recently weighed in on the company. Benchmark Co. reiterated a “buy” rating and issued a $100.00 price target (up from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $96.00 target price (up from $87.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Cowen and Company cut Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective for the company. in a report on Monday, October 9th. KeyCorp reiterated a “buy” rating and issued a $104.00 price objective on shares of Take-Two Interactive Software in a report on Friday, September 8th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $100.00 target price on shares of Take-Two Interactive Software in a research note on Friday, October 13th. One investment 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 stock. Take-Two Interactive Software presently has an average rating of “Buy” and an average price target of $96.30.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $280.70 million. During the same period last year, the firm posted ($0.21) EPS. Take-Two Interactive Software’s revenue for the quarter was up 27.8% on a year-over-year basis.
In other news, Director Michael Sheresky sold 465 shares of Take-Two Interactive Software 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 sale, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.55% of the stock is owned by insiders.
Take-Two Interactive Software 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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