Take-Two Interactive Software Inc. (TTWO) Position Cut by BlackRock Advisors LLC
BlackRock Advisors LLC reduced its position in shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) by 97.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 747,602 shares of the company’s stock after selling 24,819,480 shares during the period. BlackRock Advisors LLC owned 0.88% of Take-Two Interactive Software worth $28,349,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. acquired a new stake in Take-Two Interactive Software during the second quarter worth approximately $21,468,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Take-Two Interactive Software during the second quarter worth approximately $20,001,000. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 4.0% in the second quarter. Vanguard Group Inc. now owns 6,608,893 shares of the company’s stock worth $250,609,000 after buying an additional 255,246 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Take-Two Interactive Software during the second quarter worth approximately $8,912,000. Finally, Wellington Management Group LLP increased its stake in Take-Two Interactive Software by 769.9% in the first quarter. Wellington Management Group LLP now owns 233,701 shares of the company’s stock worth $8,803,000 after buying an additional 206,835 shares during the period.
Shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) opened at 46.34 on Thursday. The stock has a market cap of $3.92 billion, a PE ratio of 193.08 and a beta of 1.09. The firm has a 50-day moving average price of $42.80 and a 200 day moving average price of $38.67. Take-Two Interactive Software Inc. has a 12-month low of $27.69 and a 12-month high of $46.45.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.08. The business earned $311.60 million during the quarter, compared to analyst estimates of $258.46 million. Take-Two Interactive Software had a return on equity of 20.92% and a net margin of 1.39%. The company’s revenue was down 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities research analysts predict that Take-Two Interactive Software Inc. will post $1.25 EPS for the current fiscal year.
TTWO has been the subject of a number of recent analyst reports. Jefferies Group reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, July 11th. Piper Jaffray Cos. raised their price target on Take-Two Interactive Software from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Zacks Investment Research cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. Stifel Nicolaus restated a “buy” rating and issued a $41.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, July 12th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $48.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.99.
In other news, CEO Strauss Zelnick sold 9,134 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $41.01, for a total value of $374,585.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by insiders.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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