TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Short Interest Up 20.4% in June

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 4,600,000 shares, a growth of 20.4% from the June 15th total of 3,820,000 shares. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 4.1% of the company’s stock are short sold.

In other TAKE-TWO INTERACTIVE SOFTWARE news, CFO Lainie Goldstein sold 30,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $141.15, for a total transaction of $4,234,500.00. Following the completion of the sale, the chief financial officer now owns 251,654 shares of the company’s stock, valued at approximately $35,520,962.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 216,665 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated 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. Insiders sold a total of 300,059 shares of company stock valued at $37,206,126 in the last three months. Insiders own 1.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 1.4% in the 1st quarter. BlackRock Inc. now owns 8,190,108 shares of the company’s stock worth $971,430,000 after buying an additional 113,767 shares during the last quarter. State Street Corp boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 5.6% during the 1st quarter. State Street Corp now owns 5,553,974 shares of the company’s stock worth $658,757,000 after purchasing an additional 294,310 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,658,300 shares of the company’s stock worth $433,911,000 after purchasing an additional 95,610 shares during the last quarter. Melvin Capital Management LP boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 207.5% during the 1st quarter. Melvin Capital Management LP now owns 3,382,830 shares of the company’s stock worth $401,237,000 after purchasing an additional 2,282,830 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 1,828,672 shares of the company’s stock worth $216,494,000 after purchasing an additional 47,703 shares during the last quarter. Institutional investors own 92.27% of the company’s stock.

A number of brokerages have commented on TTWO. Zacks Investment Research cut TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “hold” rating and set a $147.00 price target for the company. in a research report on Friday, June 5th. BMO Capital Markets raised TAKE-TWO INTERACTIVE SOFTWARE from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $120.00 to $170.00 in a research report on Tuesday, May 26th. Cfra lowered their price target on TAKE-TWO INTERACTIVE SOFTWARE from $132.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. UBS Group lifted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Nomura Instinet lifted their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $120.00 to $137.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $144.79.

TTWO stock traded up $2.21 during trading on Tuesday, hitting $147.89. The stock had a trading volume of 1,389,582 shares, compared to its average volume of 1,889,799. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.71 and a quick ratio of 1.70. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $100.00 and a twelve month high of $149.28. The stock has a market capitalization of $16.81 billion, a P/E ratio of 41.78, a PEG ratio of 10.15 and a beta of 0.58. The company’s 50-day moving average price is $137.78 and its two-hundred day moving average price is $124.86.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.60. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.22% and a net margin of 13.09%. The company had revenue of $729.42 million for the quarter, compared to analysts’ expectations of $585.27 million. During the same period in the previous year, the firm posted $0.78 EPS. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 49.3% compared to the same quarter last year. As a group, sell-side analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.52 EPS for the current fiscal year.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

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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