9,877 Shares in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Purchased by Hedeker Wealth LLC

Hedeker Wealth LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,877 shares of the company’s stock, valued at approximately $1,631,000.

Other hedge funds have also recently made changes to their positions in the company. Glassman Wealth Services increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 727.3% during the 2nd quarter. Glassman Wealth Services now owns 182 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares during the last quarter. Heritage Wealth Advisors increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 4,506.3% during the 2nd quarter. Heritage Wealth Advisors now owns 10,180 shares of the company’s stock valued at $30,000 after acquiring an additional 9,959 shares in the last quarter. Ellevest Inc. increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 49.3% during the 2nd quarter. Ellevest Inc. now owns 224 shares of the company’s stock valued at $31,000 after acquiring an additional 74 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at about $42,000. Finally, Cornerstone Advisors Inc. increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 64.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 464 shares of the company’s stock valued at $65,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.

A number of equities research analysts have recently commented on TTWO shares. Wedbush lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $170.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Bank of America downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $155.00 to $166.00 in a report on Tuesday, August 4th. Barclays lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $169.00 to $196.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. KeyCorp reiterated a “buy” rating and set a $193.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of “Buy” and a consensus target price of $163.48.

TAKE-TWO INTERACTIVE SOFTWARE stock traded down $3.05 during midday trading on Wednesday, hitting $164.31. 18,858 shares of the company’s stock were exchanged, compared to its average volume of 1,875,167. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $100.00 and a 12-month high of $180.61. The stock has a market cap of $19.14 billion, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.57. The firm’s 50 day simple moving average is $162.50 and its 200 day simple moving average is $149.70.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Monday, August 3rd. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.45). The firm had revenue of $996.20 million during the quarter, compared to analyst estimates of $845.44 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.26% and a net margin of 13.22%. The firm’s revenue was up 125.3% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Research analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.45 earnings per share for the current fiscal year.

In other news, CEO Strauss Zelnick sold 35,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $173.58, for a total transaction of $6,075,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Sheresky sold 216 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $173.26, for a total transaction of $37,424.16. Following the sale, the director now directly owns 60,825 shares of the company’s stock, valued at approximately $10,538,539.50. The disclosure for this sale can be found here. Company insiders own 1.09% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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