USS Investment Management Ltd purchased a new stake in Take-Two Interactive (NASDAQ:TTWO) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 771,602 shares of the company’s stock, valued at approximately $76,940,000. USS Investment Management Ltd owned about 0.67% of Take-Two Interactive as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in TTWO. JFS Wealth Advisors LLC purchased a new position in shares of Take-Two Interactive in the fourth quarter worth about $110,000. Massey Quick Simon & CO. LLC raised its stake in shares of Take-Two Interactive by 143.6% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,062 shares of the company’s stock worth $104,000 after purchasing an additional 626 shares during the last quarter. Global X Management Co. LLC purchased a new position in shares of Take-Two Interactive in the first quarter worth about $112,000. Cerebellum GP LLC purchased a new position in shares of Take-Two Interactive in the fourth quarter worth about $133,000. Finally, Huntington National Bank raised its stake in shares of Take-Two Interactive by 75.0% in the fourth quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after purchasing an additional 608 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.
Take-Two Interactive opened at $115.81 on Monday, MarketBeat reports. The stock has a market cap of $13.25 billion, a P/E ratio of 66.18, a P/E/G ratio of 1.86 and a beta of 1.06. Take-Two Interactive has a 52 week low of $66.70 and a 52 week high of $129.25. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01.
Take-Two Interactive (NASDAQ:TTWO) last posted its earnings results on Wednesday, May 16th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $447.59 million. Take-Two Interactive had a return on equity of 24.72% and a net margin of 9.68%. Take-Two Interactive’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. research analysts anticipate that Take-Two Interactive will post 4.18 earnings per share for the current fiscal year.
In other Take-Two Interactive news, President Karl Slatoff sold 12,263 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $93.95, for a total value of $1,152,108.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 252,197 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $95.63, for a total value of $24,117,599.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 492,131 shares of company stock worth $47,069,206. 1.55% of the stock is owned by corporate insiders.
TTWO has been the subject of several research analyst reports. BidaskClub cut Take-Two Interactive from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Barclays restated an “overweight” rating and issued a $128.00 price objective (up from $121.00) on shares of Take-Two Interactive in a research note on Thursday, February 8th. Morgan Stanley reduced their price objective on Take-Two Interactive from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, April 19th. Wedbush upgraded Take-Two Interactive from a “neutral” rating to an “outperform” rating and set a $126.00 price objective for the company in a research note on Monday, April 30th. Finally, Zacks Investment Research cut Take-Two Interactive from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $128.45.
About Take-Two Interactive
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; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.
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