Allstate Corp Takes Position in Take-Two Interactive Software, Inc. $TTWO

Allstate Corp bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, Holdings Channel.com reports. The firm bought 7,378 shares of the company’s stock, valued at approximately $1,906,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake 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 valued at $5,043,721,000 after buying an additional 903,385 shares in the last quarter. State Street Corp raised its stake in shares of Take-Two Interactive Software by 3.8% in the 2nd 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 in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Take-Two Interactive Software by 3.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock valued at $1,341,789,000 after buying an additional 166,867 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 378,371 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 17.3% during the 2nd 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 period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Up 0.2%

NASDAQ TTWO opened at $240.61 on Wednesday. Take-Two Interactive Software, Inc. has a 12 month low of $179.61 and a 12 month high of $264.79. 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 stock has a 50 day moving average of $246.21 and a 200-day moving average of $243.66. The company has a market cap of $44.46 billion, a PE ratio of -10.65, a PEG ratio of 3.49 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly 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. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company posted ($2.08) earnings per share. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TTWO shares. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. UBS Group cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Wedbush raised their price target on Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Benchmark raised their price objective on Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group upped their target price 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 Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $272.68.

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,010 shares of company stock valued at $242,102 over the last quarter. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software 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.