BlackRock Inc. lowered its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,437,843 shares of the company’s stock after selling 392,358 shares during the period. BlackRock Inc. owned about 6.57% of TAKE-TWO INTERACTIVE SOFTWARE worth $844,418,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Advisors Inc. grew its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 121.0% during the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock worth $25,000 after buying an additional 121 shares in the last quarter. Phocas Financial Corp. purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $284,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $28,000. Commonwealth Bank of Australia grew its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 36.6% during the second quarter. Commonwealth Bank of Australia now owns 325 shares of the company’s stock worth $35,000 after buying an additional 87 shares in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $41,000. Institutional investors own 92.43% of the company’s stock.
TAKE-TWO INTERACTIVE SOFTWARE stock opened at $116.96 on Friday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 1 year low of $84.41 and a 1 year high of $135.70. The firm has a 50 day moving average price of $122.65 and a 200 day moving average price of $117.44. The company has a market cap of $13.27 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 4.36 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.45.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.78. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm had revenue of $950.50 million during the quarter, compared to the consensus estimate of $926.91 million. During the same period in the previous year, the firm earned $1.05 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 62.9% compared to the same quarter last year. Sell-side analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 EPS for the current year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 4,500 shares of the business’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 226 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 70,137 shares of the company’s stock, valued at $8,899,683.93. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
A number of equities research analysts have recently commented on the stock. SunTrust Banks set a $133.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a report on Tuesday, September 24th. Nomura assumed coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Thursday, October 3rd. They set a “neutral” rating and a $135.00 price target for the company. Cowen lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Jefferies Financial Group lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. They noted that the move was a valuation call. Finally, Benchmark lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $132.04.
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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