Assetmark Inc. lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 4.6% during the third quarter, HoldingsChannel.com reports. The firm owned 85,621 shares of the company’s stock after acquiring an additional 3,756 shares during the period. Assetmark Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $11,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of TTWO. American Century Companies Inc. acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth approximately $136,745,000. FMR LLC grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 35.1% during the 3rd quarter. FMR LLC now owns 3,564,945 shares of the company’s stock worth $491,927,000 after purchasing an additional 926,316 shares during the period. Congress Asset Management Co. MA acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter worth approximately $91,225,000. Point72 Asset Management L.P. grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 45.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock worth $219,007,000 after purchasing an additional 575,392 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 26.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,318,865 shares of the company’s stock worth $319,980,000 after purchasing an additional 489,197 shares during the period. 90.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:TTWO opened at $102.67 on Friday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 1 year low of $92.81 and a 1 year high of $139.91. The company has a market cap of $11.58 billion, a PE ratio of 58.67, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. The company had revenue of $583.42 million for the quarter, compared to analyst estimates of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.08% and a net margin of 11.76%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. As a group, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.37 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on TTWO shares. Wedbush set a $150.00 target price on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research report on Tuesday, October 30th. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Stifel Nicolaus increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Bank of America increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Jefferies Financial Group increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $144.53.
In other TAKE-TWO INTERACTIVE SOFTWARE news, VP Daniel P. Emerson sold 13,268 shares of the firm’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total value of $1,640,322.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.07% of the company’s stock.
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TAKE-TWO INTERACTIVE SOFTWARE Company Profile
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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