American International Group Inc. raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,512 shares of the company’s stock after acquiring an additional 12,442 shares during the quarter. American International Group Inc.’s holdings in Take-Two Interactive Software were worth $9,578,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of TTWO. Cary Street Partners Investment Advisory LLC grew its stake in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after acquiring an additional 93 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $25,000. MCF Advisors LLC grew its stake in shares of Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $26,000. Finally, Pin Oak Investment Advisors Inc. grew its stake in shares of Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Insider Buying and Selling at Take-Two Interactive Software
In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,569 shares of company stock valued at $13,909,565. 1.37% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TTWO. Bank of America raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $185.00 in a research note on Thursday, May 23rd. JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, May 17th. Finally, HSBC cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 target price for the company. in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.09.
Get Our Latest Analysis on TTWO
Take-Two Interactive Software Stock Performance
Shares of NASDAQ TTWO opened at $155.37 on Wednesday. The business has a fifty day simple moving average of $150.96 and a 200 day simple moving average of $154.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $26.63 billion, a price-to-earnings ratio of -7.07, a PEG ratio of 5.15 and a beta of 0.84. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year high of $171.59.
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last issued its earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Sell-side analysts expect that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current year.
About Take-Two Interactive Software
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 Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.
See Also
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