Investment House LLC Raises Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Investment House LLC boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,980 shares of the company’s stock after acquiring an additional 215 shares during the period. Investment House LLC’s holdings in Take-Two Interactive Software were worth $11,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its stake in Take-Two Interactive Software by 88.2% during the 2nd quarter. FMR LLC now owns 3,564,026 shares of the company’s stock valued at $497,431,000 after purchasing an additional 1,670,546 shares in the last quarter. Altshuler Shaham Ltd grew its stake in shares of Take-Two Interactive Software by 5,388.3% in the third quarter. Altshuler Shaham Ltd now owns 297,299 shares of the company’s stock worth $49,120,000 after acquiring an additional 291,882 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Take-Two Interactive Software by 44.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 846,111 shares of the company’s stock worth $139,794,000 after acquiring an additional 259,597 shares during the period. Two Sigma Advisers LP grew its stake in shares of Take-Two Interactive Software by 80.0% in the second quarter. Two Sigma Advisers LP now owns 471,000 shares of the company’s stock worth $65,737,000 after acquiring an additional 209,300 shares during the period. Finally, Natixis grew its stake in shares of Take-Two Interactive Software by 209.7% in the third quarter. Natixis now owns 294,389 shares of the company’s stock worth $48,639,000 after acquiring an additional 199,344 shares during the period. 93.08% of the stock is owned by institutional investors.

Shares of Take-Two Interactive Software stock traded up $0.35 during trading on Wednesday, reaching $199.50. 1,268,116 shares of the stock traded hands, compared to its average volume of 1,177,240. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 51.06, a P/E/G ratio of 4.06 and a beta of 0.57. The business has a fifty day simple moving average of $194.61 and a two-hundred day simple moving average of $170.09. Take-Two Interactive Software, Inc. has a 52-week low of $100.00 and a 52-week high of $211.44.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 5th. The company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $1.03. Take-Two Interactive Software had a net margin of 13.22% and a return on equity of 28.26%. The firm had revenue of $957.50 million during the quarter, compared to the consensus estimate of $884.68 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 3.45 EPS for the current year.

In related news, Director Michael Sheresky sold 227 shares of the stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $161.35, for a total value of $36,626.45. Following the completion of the transaction, the director now owns 61,158 shares of the company’s stock, valued at approximately $9,867,843.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is currently owned by company insiders.

A number of analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of Take-Two Interactive Software from $200.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, November 6th. BidaskClub upgraded shares of Take-Two Interactive Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 15th. Evercore ISI assumed coverage on shares of Take-Two Interactive Software in a research report on Monday, November 16th. They set an “outperform” rating and a $195.00 target price for the company. Truist boosted their target price on shares of Take-Two Interactive Software from $170.00 to $175.00 in a research report on Wednesday, November 11th. Finally, BMO Capital Markets boosted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, December 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $171.47.

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 Redemption names; and offers episodes, content, and virtual currency.

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

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