William Blair Investment Management LLC raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 23.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,982 shares of the company’s stock after acquiring an additional 54,916 shares during the period. William Blair Investment Management LLC owned about 0.26% of TAKE-TWO INTERACTIVE SOFTWARE worth $34,751,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trexquant Investment LP bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter valued at about $3,839,000. Citizens Financial Group Inc RI boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2,584.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 510 shares of the company’s stock worth $60,000 after buying an additional 491 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 57.5% during the first quarter. Harvest Fund Management Co. Ltd now owns 389 shares of the company’s stock valued at $46,000 after acquiring an additional 142 shares during the last quarter. Swiss National Bank lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 23.3% during the first quarter. Swiss National Bank now owns 440,007 shares of the company’s stock worth $52,189,000 after acquiring an additional 83,100 shares during the period. Finally, Lucia Wealth Services LLC grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 6.6% in the 1st quarter. Lucia Wealth Services LLC now owns 11,755 shares of the company’s stock valued at $1,394,000 after purchasing an additional 730 shares during the period. Hedge funds and other institutional investors own 88.80% of the company’s stock.
Shares of TAKE-TWO INTERACTIVE SOFTWARE stock traded up $2.00 during trading on Friday, reaching $140.19. The company’s stock had a trading volume of 31,401 shares, compared to its average volume of 1,892,621. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 5.16 and a beta of 0.56. The firm’s 50-day moving average is $125.56 and its two-hundred day moving average is $121.00. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52-week low of $100.00 and a 52-week high of $149.28. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 0.06.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.60. The firm had revenue of $729.42 million for the quarter, compared to the consensus estimate of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.87% and a net margin of 13.09%. The company’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, equities research analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.14 EPS for the current year.
Several equities analysts recently weighed in on TTWO shares. Zacks Investment Research lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Wednesday, May 13th. Stephens lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $110.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday. Nomura Instinet raised their target price on TAKE-TWO INTERACTIVE SOFTWARE from $120.00 to $137.00 and gave the stock a “neutral” rating in a research report on Thursday. Cfra decreased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $132.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, MKM Partners upped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE presently has a consensus rating of “Buy” and a consensus price target of $140.44.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CFO Lainie Goldstein sold 23,067 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $135.00, for a total value of $3,114,045.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 216,665 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $118.97, for a total value of $25,776,635.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 260,474 shares of company stock valued at $31,648,198. Insiders own 1.20% of the company’s stock.
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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