Take-Two Interactive Software, Inc. $TTWO Holdings Increased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 11.3% in the 3rd quarter, Holdings Channel reports. The firm owned 47,807 shares of the company’s stock after acquiring an additional 4,864 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Take-Two Interactive Software were worth $9,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $25,000. Mosley Wealth Management raised its position in shares of Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after buying an additional 80 shares during the last quarter. Washington Trust Advisors Inc. raised its position in shares of Take-Two Interactive Software by 116.4% in the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $32,000. Finally, Burkett Financial Services LLC purchased a new position in shares of Take-Two Interactive Software in the third quarter worth about $28,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $213.36 on Friday. The company’s 50-day moving average is $207.89 and its two-hundred day moving average is $219.25. Take-Two Interactive Software, Inc. has a 1-year low of $183.86 and a 1-year high of $265.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of -123.33, a PEG ratio of 1.55 and a beta of 0.93.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS. Analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TTWO shares. Arete Research lowered their price target on shares of Take-Two Interactive Software from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, September 9th. Roth Capital increased their price objective on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 10th. Bank of America cut their price objective on shares of Take-Two Interactive Software from $368.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Wells Fargo & Company reissued an “overweight” rating on shares of Take-Two Interactive Software in a research note on Monday, October 12th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Twenty-one equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.57.

Check Out Our Latest Report on Take-Two Interactive Software

Insider Transactions at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 484 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $203.69, for a total value of $98,585.96. Following the sale, the director directly owned 66,010 shares of the company’s stock, valued at approximately $13,445,576.90. This trade represents a 0.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 53,636 shares of company stock valued at $12,930,991 in the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Profile

(Free Report)

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.

Further Reading

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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