Gamco Investors INC. ET AL trimmed its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,258 shares of the company’s stock after selling 7,425 shares during the period. Gamco Investors INC. ET AL owned about 0.07% of TAKE-TWO INTERACTIVE SOFTWARE worth $10,799,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bbva Compass Bancshares Inc. purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the third quarter valued at $231,000. CIBC Asset Management Inc lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 169.9% during the third quarter. CIBC Asset Management Inc now owns 40,098 shares of the company’s stock valued at $5,533,000 after purchasing an additional 25,243 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the third quarter valued at $405,000. WESPAC Advisors LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the third quarter valued at $288,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 9.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,099 shares of the company’s stock valued at $1,122,000 after purchasing an additional 906 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.
NASDAQ:TTWO opened at $113.05 on Friday. The firm has a market cap of $14.08 billion, a P/E ratio of 64.60, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 1-year low of $92.81 and a 1-year high of $139.91.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.16. The firm had revenue of $583.42 million for the quarter, compared to analyst estimates of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. Equities analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current fiscal year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CFO Lainie Goldstein sold 22,900 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $130.38, for a total value of $2,985,702.00. Following the transaction, the chief financial officer now directly owns 261,149 shares of the company’s stock, valued at approximately $34,048,606.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Daniel P. Emerson sold 13,268 shares of the company’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total value of $1,640,322.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,463 shares of company stock worth $4,664,100. Insiders own 1.07% of the company’s stock.
Several equities research analysts have recently commented on TTWO shares. Zacks Investment Research raised TAKE-TWO INTERACTIVE SOFTWARE from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 17th. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Wedbush set a $132.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research report on Thursday, July 26th. Stifel Nicolaus upped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Finally, Morgan Stanley upped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and a consensus price target of $144.94.
About TAKE-TWO INTERACTIVE SOFTWARE
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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