Catalyst Capital Advisors LLC has sold its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) expanded 69.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. . The fund owned 281 shares of the company, after purchasing an additional 115 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Take-Two Interactive Software were worth $43,000 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 the company. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after purchasing an additional 156,563 shares during the last quarter. Capital World Investors increased its position in shares of Take-Two Interactive Software by 2.1% during the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock, valued at $1,075,142,000, after acquiring an additional 151,135 shares last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Take-Two Interactive Software by 4.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock valued at $737,684,000 after acquiring an additional 192,774 shares during the last quarter. Ameriprise Financial Inc. strengthened its position in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after acquiring an additional 666,198 shares during the last quarter. Finally, Boston Partners strengthened its position in shares of Take-Two Interactive Software by 1.8% during the first quarter. Boston Partners now owns 2,697,648 shares of the company’s stock, valued at $400,379,000, after acquiring an additional 48,909 shares last quarter. Institutional investors and hedge funds own 95.46% of the company’s shares.
Take-Two Interactive Software Stock Rises 1.6%
Shares of NASDAQ:TTWO opened at $166.62 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $29.21 billion, a price-to-earnings ratio of -7.48, a price-to-earnings growth ratio of 4.98, and a beta of 0.85. The company’s 50-day moving average is $155.90 and its two-hundred-day moving average is $153.17. Take-Two Interactive Software, Inc. has a 1-year low of $135.00 and a 1-year high of $171.59.
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) posted its latest quarterly results on Thursday, August 8. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.39) by $0.09. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. Analysts predict that Take-Two Interactive Software, Inc. will post earnings per share of 1.01 for the current year.
Insiders place their bets
In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Insiders own 1.45% of the company’s shares.
Analysts set new price targets
Several research analysts have recently weighed in on the stock. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the stock in a research report on Monday, August 12. Bank of America reissued a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 21. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a buy rating and a $194.00 price target on the stock. Benchmark raised their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21. Finally, JPMorgan Chase & Co. their price target on shares of Take-Two Interactive Software increased from $200.00 to $195.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $187.21.
Read our latest report on Take-Two interactive software
Take-Two interactive software profile
(Free report)
Take-Two Interactive Software, Inc develops, publishes and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the names Grand Theft Auto, LA Noire, Max Payne, Midnight Club and Red Dead Redemption, as well as other franchises.
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