Lazard Asset Management LLC grew its stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 879.0% during the 1st quarter, HoldingsChannel reports. The fund owned 146,960 shares of the company’s stock after acquiring an additional 131,948 shares during the period. Lazard Asset Management LLC’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $13,868,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Phocas Financial Corp. acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at $26,000. Synovus Financial Corp increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the fourth quarter. Synovus Financial Corp now owns 260 shares of the company’s stock valued at $27,000 after purchasing an additional 206 shares during the last quarter. CSat Investment Advisory L.P. increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the first quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock valued at $32,000 after purchasing an additional 133 shares during the last quarter. Exane Derivatives acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE in the first quarter valued at $37,000. Finally, First Hawaiian Bank increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 46.7% in the first quarter. First Hawaiian Bank now owns 440 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.
TTWO stock opened at $110.77 on Friday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 1 year low of $84.41 and a 1 year high of $139.91. The stock has a market capitalization of $12.23 billion, a PE ratio of 28.55, a P/E/G ratio of 3.37 and a beta of 0.83.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. The company had revenue of $488.40 million during the quarter, compared to analyst estimates of $500.86 million. During the same quarter last year, the business posted $0.70 EPS. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 18.7% compared to the same quarter last year. Analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.89 EPS for the current year.
In other news, CEO Strauss Zelnick sold 144,614 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $94.05, for a total value of $13,600,946.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is currently owned by company insiders.
Several equities research analysts have commented on TTWO shares. Stephens set a $110.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Zacks Investment Research upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Friday, February 15th. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. BMO Capital Markets upped their price target on TAKE-TWO INTERACTIVE SOFTWARE to $95.00 and gave the stock an “underperform” rating in a research note on Friday, May 17th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $119.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $126.90.
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About TAKE-TWO INTERACTIVE SOFTWARE
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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