Envestnet Asset Management Inc. Acquires 7,421 Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

Envestnet Asset Management Inc. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 21.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 42,463 shares of the company’s stock after acquiring an additional 7,421 shares during the period. Envestnet Asset Management Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $5,322,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TTWO. We Are One Seven LLC raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 2.3% during the 2nd quarter. We Are One Seven LLC now owns 3,869 shares of the company’s stock valued at $439,000 after purchasing an additional 86 shares in the last quarter. Commonwealth Bank of Australia raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 36.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 325 shares of the company’s stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 27.0% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 447 shares of the company’s stock valued at $56,000 after purchasing an additional 95 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 22.8% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 571 shares of the company’s stock valued at $65,000 after purchasing an additional 106 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 4.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 2,922 shares of the company’s stock valued at $332,000 after purchasing an additional 112 shares in the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

In related news, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 20,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.18, for a total value of $2,603,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,726 shares of company stock worth $3,202,742. 1.20% of the stock is owned by company insiders.

TTWO opened at $122.78 on Tuesday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12 month low of $84.41 and a 12 month high of $135.70. The stock has a fifty day moving average price of $124.81 and a 200-day moving average price of $116.03. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 4.63 and a beta of 0.75.

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

A number of brokerages have weighed in on TTWO. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group boosted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and issued a $144.00 price target (up from $133.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, August 21st. Stephens reissued an “overweight” rating and issued a $120.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, July 17th. Finally, Wedbush reissued a “buy” rating and issued a $144.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE has an average rating of “Buy” and an average price target of $132.04.

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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