Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Position Raised by SFE Investment Counsel

SFE Investment Counsel lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,111 shares of the company’s stock after purchasing an additional 211 shares during the period. Take-Two Interactive Software makes up about 1.6% of SFE Investment Counsel’s holdings, making the stock its 22nd biggest position. SFE Investment Counsel’s holdings in Take-Two Interactive Software were worth $5,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bbva USA acquired a new position in Take-Two Interactive Software in the 2nd quarter worth approximately $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of Take-Two Interactive Software by 77.4% in the first quarter. Parkside Financial Bank & Trust now owns 165 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Take-Two Interactive Software by 66.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 166 shares of the company’s stock worth $29,000 after buying an additional 66 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at $34,000. Finally, E Fund Management Co. Ltd. acquired a new position in Take-Two Interactive Software during the first quarter valued at $36,000. 86.20% of the stock is owned by institutional investors and hedge funds.

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

Several equities analysts have weighed in on the company. Jefferies Financial Group raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $231.00 in a research note on Thursday, June 3rd. Wedbush reiterated a “buy” rating and issued a $222.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, September 10th. Truist Securities decreased their target price on shares of 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 dropped their price target on shares of Take-Two Interactive Software from $216.00 to $198.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Moffett Nathanson assumed coverage on Take-Two Interactive Software in a report on Thursday, June 24th. They set a “buy” rating and a $214.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $212.00.

TTWO stock traded up $0.25 on Wednesday, reaching $152.40. 19,699 shares of the company were exchanged, compared to its average volume of 1,324,323. The stock’s fifty day moving average price is $164.06 and its 200 day moving average price is $172.10. The firm has a market capitalization of $17.76 billion, a PE ratio of 27.12, a PEG ratio of 4.69 and a beta of 0.54. Take-Two Interactive Software, Inc. has a 12 month low of $151.00 and a 12 month high of $214.91.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Sunday, August 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $711.40 million for the quarter, compared to analyst estimates of $685.64 million. During the same period in the previous year, the company posted $2.30 earnings per share. The company’s quarterly revenue was down 28.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 2.97 earnings per share for the current fiscal year.

About Take-Two Interactive Software

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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