Trexquant Investment LP bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent filing with the SEC. The fund bought 13,100 shares of the company’s stock, valued at approximately $961,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. Fifth Third Bancorp boosted its position in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after buying an additional 101 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Take-Two Interactive Software during the first quarter valued at about $114,000. Smithfield Trust Co. acquired a new stake in Take-Two Interactive Software during the second quarter valued at about $125,000. Crow Point Partners LLC raised its stake in Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after buying an additional 689 shares during the period. Finally, Salem Investment Counselors Inc. raised its stake in Take-Two Interactive Software by 5,168.8% in the first quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the company’s stock valued at $162,000 after buying an additional 4,807 shares during the period. Hedge funds and other institutional investors own 97.30% of the company’s stock.

Shares of Take-Two Interactive Software, Inc. (TTWO) opened at 90.97 on Thursday. The company’s 50-day moving average is $78.17 and its 200-day moving average is $66.68. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 53.54 and a beta of 0.83. Take-Two Interactive Software, Inc. has a 12-month low of $40.63 and a 12-month high of $92.22.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.25. The business had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. Equities research analysts predict that Take-Two Interactive Software, Inc. will post $2.10 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/trexquant-investment-lp-invests-961000-in-take-two-interactive-software-inc-ttwo/1469591.html.

Several analysts have recently issued reports on TTWO shares. Zacks Investment Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $75.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, April 20th. Benchmark Co. reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, April 24th. Cowen and Company boosted their price target on shares of Take-Two Interactive Software from $60.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $71.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average price target of $85.22.

In other news, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.81, for a total transaction of $4,390,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Daniel P. Emerson sold 5,884 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total transaction of $451,185.12. Following the sale, the vice president now owns 117,019 shares in the company, valued at approximately $8,973,016.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,840 shares of company stock worth $12,280,114. Company insiders own 1.55% of the company’s stock.

About Take-Two Interactive Software

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.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

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

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.