Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Purchased by AIA Group Ltd

AIA Group Ltd boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) by 47.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,489 shares of the company’s stock after buying an additional 476 shares during the quarter. AIA Group Ltd’s holdings in Take-Two Interactive Software were worth $229,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $4,329,000. Yousif Capital Management LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $2,935,000. D.A. Davidson & CO. raised its stake in Take-Two Interactive Software by 10.3% during the 4th quarter. D.A. Davidson & CO. now owns 3,248 shares of the company’s stock valued at $577,000 after purchasing an additional 303 shares during the period. CWM LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $292,000. Finally, Xponance Inc. raised its stake in Take-Two Interactive Software by 15.5% during the 4th quarter. Xponance Inc. now owns 9,664 shares of the company’s stock valued at $1,717,000 after purchasing an additional 1,294 shares during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TTWO shares. Oppenheimer cut their target price on shares of Take-Two Interactive Software from $215.00 to $190.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $136.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, June 9th. JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research note on Thursday, June 9th. They issued an “overweight” rating and a $175.00 price target on the stock. Cowen dropped their price target on shares of Take-Two Interactive Software to $185.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. Finally, Sanford C. Bernstein began coverage on shares of Take-Two Interactive Software in a research note on Friday, April 22nd. They issued an “outperform” rating and a $173.00 price target on the stock. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.83.

Take-Two Interactive Software Trading Down 0.2 %

Shares of NASDAQ:TTWO opened at $127.16 on Friday. The stock has a market capitalization of $14.73 billion, a PE ratio of 35.52, a P/E/G ratio of 1.32 and a beta of 0.74. Take-Two Interactive Software, Inc. has a 1 year low of $101.85 and a 1 year high of $195.82. The firm has a fifty day moving average price of $127.08 and a 200 day moving average price of $139.19.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last released its quarterly earnings results on Monday, May 16th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. The company had revenue of $845.78 million during the quarter, compared to analysts’ expectations of $884.62 million. During the same period in the prior year, the company earned $1.66 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 4.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,381 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $124.23, for a total transaction of $420,021.63. Following the completion of the sale, the insider now directly owns 92,191 shares in the company, valued at $11,452,887.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,125 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $127.78, for a total transaction of $399,312.50. Following the completion of the sale, the insider now directly owns 95,572 shares in the company, valued at $12,212,190.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 3,381 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $124.23, for a total transaction of $420,021.63. Following the transaction, the insider now directly owns 92,191 shares of the company’s stock, valued at approximately $11,452,887.93. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

Take-Two Interactive Software Profile

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Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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