Boston Partners Acquires New Position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

Boston Partners acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 467,400 shares of the company’s stock, valued at approximately $53,070,000. Boston Partners owned 0.41% of TAKE-TWO INTERACTIVE SOFTWARE as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Evolution Wealth Advisors LLC raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 27.8% during the second quarter. Evolution Wealth Advisors LLC now owns 1,095 shares of the company’s stock worth $124,000 after acquiring an additional 238 shares during the last quarter. Tower Research Capital LLC TRC raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 44.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,590 shares of the company’s stock worth $521,000 after acquiring an additional 1,402 shares during the last quarter. GYL Financial Synergies LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth about $595,000. TrimTabs Asset Management LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $1,283,000. Finally, Peregrine Asset Advisers Inc. acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $6,859,000. Hedge funds and other institutional investors own 92.02% of the company’s stock.

A number of equities analysts have issued reports on the stock. Bank of America restated a “buy” rating and set a $144.00 target price (up previously from $133.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, August 21st. Piper Jaffray Companies boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $134.00 and gave the company an “in-line” rating in a research report on Tuesday, August 6th. KeyCorp boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Cowen boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $132.43.

TAKE-TWO INTERACTIVE SOFTWARE stock traded up $2.27 during trading on Thursday, reaching $132.03. The company had a trading volume of 21,185 shares, compared to its average volume of 1,371,042. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $84.41 and a 12-month high of $139.91. The stock’s 50 day moving average price is $128.35 and its two-hundred day moving average price is $109.82. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 3.74 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.45.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm had revenue of $422.24 million during the quarter, compared to the consensus estimate of $356.65 million. During the same period in the previous year, the firm earned $0.12 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 46.4% compared to the same quarter last year. As a group, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 earnings per share for the current year.

In other news, CEO Strauss Zelnick sold 20,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.18, for a total transaction of $2,603,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 4,500 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $126.77, for a total transaction of $570,465.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,726 shares of company stock worth $3,202,742. Corporate insiders own 1.20% of the company’s stock.

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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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