Take-Two Interactive Software, Inc. $TTWO Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 48.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,578 shares of the company’s stock after purchasing an additional 3,144 shares during the period. Thrivent Financial for Lutherans’ holdings in Take-Two Interactive Software were worth $2,326,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Take-Two Interactive Software by 7.4% during the 1st quarter. American Century Companies Inc. now owns 18,806 shares of the company’s stock worth $3,898,000 after acquiring an additional 1,303 shares during the period. Corebridge Financial Inc. boosted its position in shares of Take-Two Interactive Software by 1.0% in the first quarter. Corebridge Financial Inc. now owns 52,161 shares of the company’s stock worth $10,810,000 after buying an additional 525 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Take-Two Interactive Software by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 62,261 shares of the company’s stock valued at $12,904,000 after buying an additional 496 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at about $207,000. Finally, Ieq Capital LLC lifted its position in Take-Two Interactive Software by 332.6% during the 1st quarter. Ieq Capital LLC now owns 5,797 shares of the company’s stock worth $1,201,000 after acquiring an additional 4,457 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DA Davidson increased their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. CICC Research started coverage on shares of Take-Two Interactive Software in a report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price target for the company. BMO Capital Markets boosted their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. UBS Group cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a research report on Monday, December 1st. Twenty research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to 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 Stock Up 0.3%

TTWO stock opened at $249.23 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. Take-Two Interactive Software, Inc. has a 1-year low of $177.35 and a 1-year high of $264.79. The firm has a fifty day moving average price of $247.07 and a two-hundred day moving average price of $241.94. The firm has a market cap of $46.05 billion, a price-to-earnings ratio of -11.03, a PEG ratio of 3.97 and a beta of 0.96.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted ($2.08) EPS. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. Research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insider Transactions at Take-Two Interactive Software

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

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.