Quantum Portfolio Management LLC Raises Stock Position in Take-Two Interactive Software, Inc. $TTWO

Quantum Portfolio Management LLC grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 56.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,213 shares of the company’s stock after purchasing an additional 3,333 shares during the period. Quantum Portfolio Management LLC’s holdings in Take-Two Interactive Software were worth $2,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 4.5% in the second quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after acquiring an additional 903,385 shares in the last quarter. State Street Corp increased its position in shares of Take-Two Interactive Software by 3.8% during the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock worth $2,570,084,000 after purchasing an additional 389,321 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Take-Two Interactive Software by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock worth $1,341,789,000 after purchasing an additional 166,867 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 8.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock valued at $1,124,088,000 after purchasing an additional 378,371 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Take-Two Interactive Software by 17.3% in the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after purchasing an additional 515,484 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $240.14 on Monday. 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 business has a 50 day simple moving average of $246.09 and a 200-day simple moving average of $243.67. Take-Two Interactive Software, Inc. has a 12 month low of $179.61 and a 12 month high of $264.79. The stock has a market capitalization of $44.37 billion, a PE ratio of -10.63, a price-to-earnings-growth ratio of 3.83 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 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned ($2.08) EPS. Take-Two Interactive Software’s quarterly revenue was up 33.3% on a year-over-year basis. Equities analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. CICC Research assumed coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price target on the stock. Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. UBS Group cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Benchmark upped their price target on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, B. Riley started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.57.

Insider Transactions at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This trade represents a 14.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the transaction, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This represents a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,010 shares of company stock valued at $242,102. 1.34% of the stock is owned by insiders.

Take-Two Interactive Software Profile

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.