Pacer Advisors Inc. lifted its stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,473 shares of the company’s stock after buying an additional 1,925 shares during the period. Pacer Advisors Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $4,196,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of TTWO. North Star Investment Management Corp. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the third quarter valued at approximately $25,000. Cornerstone Advisors Inc. raised its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 121.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Phocas Financial Corp. acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth approximately $284,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth approximately $28,000. Finally, Commonwealth Bank of Australia raised its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 36.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 325 shares of the company’s stock worth $35,000 after purchasing an additional 87 shares during the period. 92.06% of the stock is owned by institutional investors.
TTWO opened at $122.42 on Friday. The stock has a fifty day moving average of $127.48 and a 200-day moving average of $113.64. The firm has a market capitalization of $13.79 billion, a P/E ratio of 31.55, a PEG ratio of 4.54 and a beta of 0.75. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $84.41 and a 12-month high of $135.70. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.06.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. The company had revenue of $422.24 million during the quarter, compared to analyst estimates of $356.65 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 46.4% on a year-over-year basis. On average, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on TTWO. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. SunTrust Banks set a $133.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Stephens reiterated an “overweight” rating and set a $120.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, July 17th. Stifel Nicolaus set a $138.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Bank of America reissued a “buy” rating and issued a $144.00 price objective (up from $133.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE currently has a consensus rating of “Buy” and a consensus target price of $131.04.
In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 4,500 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $126.77, for a total transaction of $570,465.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Sheresky sold 226 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $126.89, for a total transaction of $28,677.14. Following the transaction, the director now directly owns 70,137 shares in the company, valued at $8,899,683.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,726 shares of company stock valued at $3,202,742. 1.20% of the stock is owned by corporate insiders.
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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