SFE Investment Counsel Acquires 211 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

SFE Investment Counsel boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,111 shares of the company’s stock after buying an additional 211 shares during the quarter. Take-Two Interactive Software makes up approximately 1.6% of SFE Investment Counsel’s investment portfolio, making the stock its 22nd largest position. SFE Investment Counsel’s holdings in Take-Two Interactive Software were worth $5,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTWO. Primecap Management Co. CA raised its position in shares of Take-Two Interactive Software by 28,383.5% in the first quarter. Primecap Management Co. CA now owns 484,220 shares of the company’s stock valued at $85,562,000 after purchasing an additional 482,520 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Take-Two Interactive Software by 116.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 867,693 shares of the company’s stock worth $153,599,000 after purchasing an additional 467,254 shares during the last quarter. Alta Capital Management LLC boosted its stake in Take-Two Interactive Software by 117.1% in the 1st quarter. Alta Capital Management LLC now owns 589,194 shares of the company’s stock valued at $104,110,000 after purchasing an additional 317,756 shares during the period. Federated Hermes Inc. grew its holdings in Take-Two Interactive Software by 289.7% in the 1st quarter. Federated Hermes Inc. now owns 371,419 shares of the company’s stock valued at $65,630,000 after buying an additional 276,119 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Take-Two Interactive Software by 9.2% during the first quarter. Alliancebernstein L.P. now owns 2,874,227 shares of the company’s stock worth $507,876,000 after buying an additional 241,874 shares in the last quarter. 86.20% of the stock is owned by institutional investors.

NASDAQ TTWO traded up $0.25 during trading hours on Wednesday, reaching $152.40. The company’s stock had a trading volume of 19,699 shares, compared to its average volume of 1,324,323. The firm has a fifty day simple moving average of $164.06 and a 200-day simple moving average of $172.10. The stock has a market cap of $17.76 billion, a P/E ratio of 27.12, a P/E/G ratio of 4.69 and a beta of 0.54. Take-Two Interactive Software, Inc. has a 52 week low of $151.00 and a 52 week high of $214.91.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Sunday, August 1st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. Take-Two Interactive Software had a return on equity of 17.92% and a net margin of 19.45%. The company had revenue of $711.40 million during the quarter, compared to the consensus estimate of $685.64 million. During the same period last year, the company earned $2.30 earnings per share. The firm’s revenue was down 28.6% compared to the same quarter last year. On average, sell-side analysts expect that Take-Two Interactive Software, Inc. will post 2.97 earnings per share for the current year.

Several brokerages have weighed in on TTWO. Barclays dropped their price objective on shares of Take-Two Interactive Software from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, August 3rd. Truist Securities cut their price target on Take-Two Interactive Software from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, August 16th. Ascendiant Capital Markets lowered their price objective on Take-Two Interactive Software from $216.00 to $198.00 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Financial Group upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $231.00 in a research report on Thursday, June 3rd. Finally, Benchmark decreased their price target on Take-Two Interactive Software from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 20th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $212.00.

In other news, Director Michael Sheresky sold 159 shares of the company’s stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $159.08, for a total value of $25,293.72. Following the completion of the sale, the director now owns 61,421 shares in the company, valued at approximately $9,770,852.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

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

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