Skandinaviska Enskilda Banken AB publ cut its stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 12.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,001 shares of the company’s stock after selling 2,769 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $2,372,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in TTWO. Capital Square LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the first quarter valued at approximately $25,000. Assetmark Inc. raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 287.7% in the 4th quarter. Assetmark Inc. now owns 221 shares of the company’s stock worth $27,000 after acquiring an additional 164 shares during the last quarter. BDO Wealth Advisors LLC lifted its position in TAKE-TWO INTERACTIVE SOFTWARE by 666.7% in the 1st quarter. BDO Wealth Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Ameritas Investment Company LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth $30,000. Finally, Catalyst Capital Advisors LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth $36,000. 92.27% of the stock is owned by institutional investors and hedge funds.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 216,665 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $118.97, for a total transaction of $25,776,635.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 213 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $123.61, for a total value of $26,328.93. Following the sale, the insider now directly owns 49,925 shares of the company’s stock, valued at approximately $6,171,229.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,735 shares of company stock worth $32,223,604. Corporate insiders own 1.20% of the company’s stock.
Shares of TTWO opened at $137.79 on Tuesday. The company has a market cap of $16.01 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 9.93 and a beta of 0.58. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $136.28 and a 200-day moving average price of $124.16. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $100.00 and a 12-month high of $149.28.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Wednesday, May 20th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.60. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.09% and a return on equity of 18.22%. The business had revenue of $729.42 million for the quarter, compared to the consensus estimate of $585.27 million. During the same period last year, the firm posted $0.78 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 49.3% on a year-over-year basis. As a group, analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.52 earnings per share for the current year.
Several analysts have recently issued reports on TTWO shares. Wells Fargo & Co reiterated a “buy” rating and issued a $165.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Thursday, May 28th. BMO Capital Markets upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $120.00 to $170.00 in a research note on Tuesday, May 26th. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Robert W. Baird boosted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Credit Suisse Group increased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $131.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE presently has a consensus rating of “Buy” and a consensus price target of $144.79.
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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