Wahed Invest LLC increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – free report ) by 7.8% during the fourth quarter, according to the latest filing with the U.S. Securities and Exchange Commission (SEC). The firm now owns 2,814 shares of the company’s stock after purchasing an additional 203 shares during the quarter. Wahed Invest LLC’s holdings in Take-Two Interactive Software were worth $453,000 as of the latest SEC filing.
Other hedge funds and institutional investors also increased or decreased their stakes in the business. Ameriprise Financial increased its stake in Take-Two Interactive Software by 1.8% in the third quarter. Ameriprise Financial purchased an additional 84,633 shares during the period and now owns 4,720,699 shares, valued at $662.69 million. Massachusetts Financial Services Inc. (MA) increased its stake in Take-Two Interactive Software by 12.5% in the fourth quarter. Massachusetts Financial Services Inc. (MA) purchased an additional 521,456 shares during the period and now owns 4,691,926 shares, valued at $755.165 million. Norges Bank made a new investment in Take-Two Interactive Software in the fourth quarter, valued at approximately $350.811 million. Northern Trust Corporation increased its stake in Take-Two Interactive Software by 2.8% during the third quarter. Northern Trust Corporation bought an additional 44,826 shares during the period and now owns 1,625,005 shares, valued at $228,134,000. Finally, Dimensional Fund Advisors LP increased its stake in Take-Two Interactive Software by 3.7% during the fourth quarter. Dimensional Fund Advisors LP bought an additional 42,860 shares during the period and now owns 1,213,990 shares, valued at $195,397,000. 95.46% of the stock is currently held by institutional investors.
Internal Activities at Take-Two Interactive Software
In related news, President, Carl Slatov sold 90,851 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Take-Two Interactive Software news, Director, Michael Sheresky sold 218 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a Securities and Exchange Commission filing, which is available at this link. Additionally, President, Carl Slatov sold 90,851 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. Insiders have sold a total of 93,569 shares of the company’s stock in the last quarter, valued at $13,909,565. Insiders now own 1.37% of the company’s stock.
What Wall Street analysts are saying
Several research analysts have recently commented on TTWO stock. JPMorgan Chase & Co. increased their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Roth Mkm lowered their price target on Take-Two Interactive Software from $185.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” and increased their price target on the company from $170.00 to $200.00 in a research report on Monday, April 8th. Bank of America raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price target for the company from $160.00 to $185.00 in a research report on Thursday, May 23rd. Finally, Jefferies Financial Group lowered their price target for Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, May 17th. One investment analyst has rated the stock as a sell, four have rated it as a hold, and 19 have rated it as a buy. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of a “moderate buy” and an average price target of $178.09.
Check out the latest stock report for Take-Two Interactive Software
Take-Two Interactive Software Stock Performance
Nasdaq TTWO’s shares opened trading at $157.40 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day simple moving average is $150.89 and 200-day simple moving average is $154.16. Take-Two Interactive Software, Inc.’s 52-week low is $130.34 and its 52-week high is $171.59.
Take-Two Interactive Software (NASDAQ:TTWO – get free report ) announced its quarterly earnings on Thursday, May 16th. The company reported quarterly earnings per share of ($17.02), missing the consensus estimate of $0.07 by ($17.09). The company’s revenue for the quarter was $1.35 billion, beating analyst expectations of $1.31 billion. Take-Two Interactive Software had a positive ROE of 2.19% and a negative net margin of 69.99%. Take-Two Interactive Software’s revenue was down 3.2% year over year. During the same period last year, the company reported EPS of $0.47. On average, stock analysts expect that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current year.
Take-Two Interactive Software Company Profile
(Free report)
Take-Two Interactive Software, Inc. develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers products under the Rockstar Games, 2K, Private Division and Zynga names, and develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire and Red Dead Redemption names.
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