Two Sigma Investments LP cut its holdings in shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) by 88.0% during the 4th quarter, HoldingsChannel reports. The fund owned 79,648 shares of the company’s stock after selling 585,068 shares during the quarter. Two Sigma Investments LP’s holdings in Take-Two Interactive Software were worth $8,744,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of TTWO. Invictus RG raised its stake in shares of Take-Two Interactive Software by 1,188.8% during the third quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after acquiring an additional 951 shares in the last quarter. JFS Wealth Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $110,000. Cerebellum GP LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $133,000. Huntington National Bank raised its stake in shares of Take-Two Interactive Software by 75.0% during the fourth quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after acquiring an additional 608 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in shares of Take-Two Interactive Software by 124.1% during the third quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after acquiring an additional 900 shares in the last quarter. 91.27% of the stock is currently owned by hedge funds and other institutional investors.
TTWO has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Take-Two Interactive Software in a research note on Thursday, February 1st. They issued an “overweight” rating and a $150.00 target price on the stock. ValuEngine downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised shares of Take-Two Interactive Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. CIBC reaffirmed an “outperform” rating and issued a $135.00 target price (up from $112.00) on shares of Take-Two Interactive Software in a research note on Tuesday, November 21st. Finally, Oppenheimer lifted their target price on shares of Take-Two Interactive Software from $112.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 21st. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $123.48.
In related news, Director Michael Sheresky sold 428 shares of Take-Two Interactive Software stock in a transaction on Friday, February 16th. The shares were sold at an average price of $108.11, for a total value of $46,271.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.55% of the company’s stock.
Shares of Take-Two Interactive Software Inc (NASDAQ TTWO) opened at $104.50 on Tuesday. The firm has a market cap of $12,273.79, a price-to-earnings ratio of 35.41, a P/E/G ratio of 2.87 and a beta of 0.96. Take-Two Interactive Software Inc has a fifty-two week low of $56.50 and a fifty-two week high of $129.25. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, February 7th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.34. The business had revenue of $653.94 million for the quarter, compared to analysts’ expectations of $669.08 million. Take-Two Interactive Software had a net margin of 9.43% and a return on equity of 27.78%. equities analysts expect that Take-Two Interactive Software Inc will post 2.45 EPS for the current year.
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Take-Two Interactive Software Company Profile
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.
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