Assetmark Inc. increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,621 shares of the company’s stock after acquiring an additional 3,756 shares during the quarter. Assetmark Inc. owned approximately 0.08% of TAKE-TWO INTERACTIVE SOFTWARE worth $11,815,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in TTWO. American Century Companies Inc. purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the second quarter valued at about $136,745,000. FMR LLC lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 35.1% during the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock valued at $491,927,000 after buying an additional 926,316 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the third quarter valued at about $91,225,000. Point72 Asset Management L.P. lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 45.1% during the second quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock valued at $219,007,000 after buying an additional 575,392 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 26.7% during the third quarter. Allianz Asset Management GmbH now owns 2,318,865 shares of the company’s stock valued at $319,980,000 after buying an additional 489,197 shares during the last quarter. 90.37% of the stock is owned by institutional investors and hedge funds.
In other news, VP Daniel P. Emerson sold 13,268 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total transaction of $1,640,322.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.07% of the company’s stock.
TTWO opened at $102.67 on Friday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52-week low of $92.81 and a 52-week high of $139.91. The stock has a market cap of $11.58 billion, a PE ratio of 58.67, a P/E/G ratio of 1.77 and a beta of 1.11.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. The firm had revenue of $583.42 million for the quarter, compared to the consensus estimate of $549.87 million. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.37 EPS for the current year.
TTWO has been the subject of several analyst reports. Bank of America increased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus increased their price target on shares of 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. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Sanford C. Bernstein initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 9th. They set an “outperform” rating and a $175.00 price target for the company. Finally, Wedbush set a $150.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of “Buy” and an average price target of $144.53.
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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.
Further Reading: Asset Allocation
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