Grandview Asset Management LLC Acquires New Holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

Grandview Asset Management LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,594 shares of the company’s stock, valued at approximately $1,914,000. TAKE-TWO INTERACTIVE SOFTWARE accounts for 2.0% of Grandview Asset Management LLC’s holdings, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTWO. BlackRock Inc. raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 1.2% during the third quarter. BlackRock Inc. now owns 8,032,109 shares of the company’s stock worth $1,108,350,000 after acquiring an additional 94,743 shares during the period. FMR LLC raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 35.1% during the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock worth $491,927,000 after acquiring an additional 926,316 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 8.5% during the third quarter. JPMorgan Chase & Co. now owns 2,606,777 shares of the company’s stock worth $359,708,000 after acquiring an additional 203,912 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 26.7% during the third quarter. Allianz Asset Management GmbH now owns 2,318,865 shares of the company’s stock worth $319,980,000 after acquiring an additional 489,197 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.5% during the third quarter. Macquarie Group Ltd. now owns 1,935,004 shares of the company’s stock worth $267,011,000 after acquiring an additional 9,428 shares during the period. Institutional investors and hedge funds own 92.80% of the company’s stock.

A number of equities research analysts recently commented on the stock. Credit Suisse Group raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $137.00 and gave the stock a “neutral” rating in a report on Thursday, November 8th. Barclays set a $144.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research report on Thursday, November 8th. Wedbush set a $150.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research report on Thursday, November 8th. Bank of America raised their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, Morgan Stanley raised their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 8th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $136.90.

Shares of TTWO opened at $97.32 on Monday. TAKE-TWO INTERACTIVE SOFTWARE, INC has a one year low of $91.49 and a one year high of $139.91. The stock has a market capitalization of $10.99 billion, a PE ratio of 55.61, a PEG ratio of 1.65 and a beta of 1.07.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $1.17. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 139.9% on a year-over-year basis. On average, sell-side analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.37 earnings per share for the current year.

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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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