Mirae Asset Global Investments Co. Ltd. Purchases 14,466 Shares of Take-Two Interactive Software, Inc. $TTWO

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,249 shares of the company’s stock after buying an additional 14,466 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.17% of Take-Two Interactive Software worth $80,673,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Take-Two Interactive Software during the 2nd quarter worth about $731,047,000. Vanguard Group Inc. lifted its position in shares of Take-Two Interactive Software by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock worth $5,043,721,000 after purchasing an additional 903,385 shares during the period. Invesco Ltd. boosted its stake in shares of Take-Two Interactive Software by 17.3% during the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after purchasing an additional 515,484 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Take-Two Interactive Software by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock valued at $371,558,000 after purchasing an additional 410,097 shares in the last quarter. Finally, State Street Corp increased its holdings in Take-Two Interactive Software by 3.8% during the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after buying an additional 389,321 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on TTWO shares. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. DA Davidson boosted their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wells Fargo & Company raised their price objective on Take-Two Interactive Software from $277.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Benchmark boosted their target price on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $273.11.

Take-Two Interactive Software Trading Down 1.0%

Shares of Take-Two Interactive Software stock opened at $243.18 on Thursday. The firm’s 50 day simple moving average is $246.87 and its two-hundred day simple moving average is $243.81. The firm has a market capitalization of $44.93 billion, a price-to-earnings ratio of -10.76, a PEG ratio of 3.92 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 12-month low of $181.86 and a 12-month high of $264.79. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73.

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

Insider Buying and Selling

In related news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director owned 2,429 shares in the company, valued at approximately $596,270.92. This represents a 14.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,010 shares of company stock worth $242,102. 1.34% of the stock is owned by insiders.

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.