Cwm LLC Buys 2,973 Shares of Take-Two Interactive Software, Inc. $TTWO

Cwm LLC grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 75.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,904 shares of the company’s stock after purchasing an additional 2,973 shares during the quarter. Cwm LLC’s holdings in Take-Two Interactive Software were worth $1,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTWO. Vanguard Group Inc. raised its holdings in Take-Two Interactive Software by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after buying an additional 903,385 shares during the last quarter. State Street Corp increased its position 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 raised its stake 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 valued at $1,341,789,000 after acquiring an additional 166,867 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Take-Two Interactive Software by 8.9% during the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock worth $1,124,088,000 after purchasing an additional 378,371 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after purchasing an additional 515,484 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the firm’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 transaction of $97,683.30. Following the completion of the transaction, the director owned 2,716 shares of the company’s stock, valued at approximately $640,840.20. This trade represents a 13.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,007 shares of company stock worth $247,095. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

TTWO opened at $251.60 on Friday. The stock has a fifty day simple moving average of $246.41 and a two-hundred day simple moving average of $242.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. The company has a market cap of $46.49 billion, a price-to-earnings ratio of -11.14, a price-to-earnings-growth ratio of 4.02 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 12-month low of $177.35 and a 12-month high of $264.79.

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

Analysts Set New Price Targets

TTWO has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, October 8th. Wall Street Zen cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. UBS Group lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. B. Riley initiated coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, Jefferies Financial Group upped their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Twenty equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $266.33.

About Take-Two Interactive Software

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.