Intrepid Capital Management Inc. purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,368 shares of the company’s stock, valued at approximately $1,450,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in TTWO. Phocas Financial Corp. bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter valued at about $26,000. Synovus Financial Corp boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 206 shares during the period. CSat Investment Advisory L.P. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the 1st quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock valued at $32,000 after purchasing an additional 133 shares during the period. Exane Derivatives bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter valued at about $37,000. Finally, First Hawaiian Bank boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 46.7% in the 1st quarter. First Hawaiian Bank now owns 440 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.
A number of analysts have issued reports on the stock. BidaskClub downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “buy” rating in a report on Friday. BMO Capital Markets raised shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $95.00 to $110.00 in a report on Tuesday, June 4th. ValuEngine raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Zacks Investment Research downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. Finally, Credit Suisse Group upped their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $119.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and an average target price of $126.90.
NASDAQ:TTWO traded down $1.43 on Friday, hitting $109.29. The company had a trading volume of 25,664 shares, compared to its average volume of 1,510,828. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 3.37 and a beta of 0.83. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52 week low of $84.41 and a 52 week high of $139.91.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). The company had revenue of $488.40 million during the quarter, compared to the consensus estimate of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. As a group, equities analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.89 earnings per share for the current fiscal year.
In related news, CEO Strauss Zelnick sold 144,614 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.07% of the stock is owned by corporate insiders.
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TAKE-TWO INTERACTIVE SOFTWARE Company 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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