Universal Beteiligungs und Servicegesellschaft mbH Raises Stake in Take-Two Interactive Software, Inc. $TTWO

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,307 shares of the company’s stock after purchasing an additional 7,550 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Take-Two Interactive Software worth $47,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Take-Two Interactive Software by 21.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock valued at $72,317,000 after buying an additional 52,524 shares during the last quarter. Ninety One UK Ltd raised its position in Take-Two Interactive Software by 22.8% during the 2nd quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock worth $437,514,000 after buying an additional 334,946 shares during the last quarter. Perigon Wealth Management LLC raised its position in Take-Two Interactive Software by 79.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock worth $547,000 after buying an additional 995 shares during the last quarter. Swiss National Bank lifted its stake in shares of Take-Two Interactive Software by 7.9% in the 2nd quarter. Swiss National Bank now owns 534,308 shares of the company’s stock worth $129,757,000 after acquiring an additional 38,900 shares during the period. Finally, Norges Bank purchased a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $731,047,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

TTWO opened at $238.23 on Thursday. Take-Two Interactive Software, Inc. has a 1-year low of $179.61 and a 1-year high of $264.79. The stock has a market cap of $44.02 billion, a P/E ratio of -10.55, a P/E/G ratio of 3.84 and a beta of 0.92. The stock’s 50 day simple moving average is $246.16 and its 200 day simple moving average is $243.62. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.Take-Two Interactive Software’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.08) earnings per share. As a group, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Insider Activity

In related news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This represents a 14.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,010 shares of company stock worth $242,102 over the last quarter. Insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of several analyst reports. Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. DA Davidson raised their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Jefferies Financial Group lifted their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. UBS Group lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Wedbush raised their target price on Take-Two Interactive Software from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $272.68.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.