E Fund Management Co. Ltd. Grows Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

E Fund Management Co. Ltd. lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 99.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,914 shares of the company’s stock after acquiring an additional 2,449 shares during the period. E Fund Management Co. Ltd.’s holdings in Take-Two Interactive Software were worth $1,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TTWO. Park Square Financial Group LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $28,000. North Capital Inc. acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at approximately $35,000. Graybill Wealth Management LTD. acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at approximately $37,000. Zions Bancorporation National Association UT acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at approximately $37,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company’s stock valued at $38,000 after acquiring an additional 57 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the transaction, the president owned 1,206,427 shares of the company’s stock, valued at $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the transaction, the insider directly owned 152,271 shares of the company’s stock, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,792 shares of company stock worth $104,014,443. Corporate insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

TTWO has been the topic of several research reports. Morgan Stanley upped their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Benchmark upped their price target on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Citigroup upped their price target on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial increased their target price on Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $245.60.

Take-Two Interactive Software Trading Up 1.5%

NASDAQ:TTWO opened at $236.14 on Thursday. Take-Two Interactive Software, Inc. has a 1 year low of $143.17 and a 1 year high of $245.07. The stock has a market cap of $43.56 billion, a price-to-earnings ratio of -9.86, a PEG ratio of 5.85 and a beta of 0.99. The business has a fifty day moving average of $233.64 and a 200-day moving average of $219.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%. The company had revenue of $1,503,800 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted ($1.52) earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.