Contravisory Investment Management Inc. Invests $536,000 in Take-Two Interactive Software, Inc. $TTWO

Contravisory Investment Management Inc. bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, Holdings Channel.com reports. The firm bought 2,073 shares of the company’s stock, valued at approximately $536,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 4.5% during the second quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock worth $5,043,721,000 after buying an additional 903,385 shares during the period. State Street Corp boosted its holdings in shares of Take-Two Interactive Software by 3.8% in the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after acquiring an additional 389,321 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Take-Two Interactive Software by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock worth $1,341,789,000 after acquiring an additional 166,867 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Take-Two Interactive Software by 8.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock valued at $1,124,088,000 after acquiring an additional 378,371 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 17.3% in the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after acquiring an additional 515,484 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the transaction, the director owned 2,716 shares in the company, valued at approximately $640,840.20. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, the director directly owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,007 shares of company stock worth $247,095 in the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Trading Up 0.3%

NASDAQ TTWO opened at $247.40 on Friday. The stock has a market capitalization of $45.71 billion, a P/E ratio of -10.95, a P/E/G ratio of 3.94 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 52-week low of $177.35 and a 52-week high of $264.79. The firm has a 50-day moving average price of $247.41 and a 200 day moving average price of $241.53. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company earned ($2.08) EPS. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. Equities research analysts expect that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson increased their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a report on Monday, December 1st. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Twenty investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $266.33.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.