AGF Management Ltd. Purchases 18,119 Shares of Take-Two Interactive Software, Inc. $TTWO

AGF Management Ltd. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 33.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 72,828 shares of the company’s stock after buying an additional 18,119 shares during the period. AGF Management Ltd.’s holdings in Take-Two Interactive Software were worth $18,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTWO. Blue Trust Inc. increased its holdings in Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 53 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new position in Take-Two Interactive Software during the third quarter worth $29,000. Finally, LGT Financial Advisors LLC bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $34,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director directly owned 2,429 shares in the company, valued at approximately $596,270.92. This represents a 14.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,010 shares of company stock worth $242,102. Insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group increased their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group raised their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Wedbush reiterated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Thursday, January 29th. Finally, DA Davidson upped their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $273.11.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $221.81 on Tuesday. Take-Two Interactive Software, Inc. has a 1 year low of $181.86 and a 1 year high of $264.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s fifty day moving average price is $246.30 and its two-hundred day moving average price is $243.64. The firm has a market cap of $40.99 billion, a PE ratio of -9.82, a PEG ratio of 3.51 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted ($2.08) EPS. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.