Lee Johnson Capital Management LLC Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Lee Johnson Capital Management LLC bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 11,157 shares of the company’s stock, valued at approximately $2,883,000. Take-Two Interactive Software comprises approximately 1.0% of Lee Johnson Capital Management LLC’s portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ieq Capital LLC raised its position in Take-Two Interactive Software by 332.6% in the first quarter. Ieq Capital LLC now owns 5,797 shares of the company’s stock valued at $1,201,000 after purchasing an additional 4,457 shares during the period. Canada Pension Plan Investment Board raised its position in Take-Two Interactive Software by 61.6% in the first quarter. Canada Pension Plan Investment Board now owns 33,514 shares of the company’s stock valued at $6,946,000 after purchasing an additional 12,776 shares during the period. Baird Financial Group Inc. lifted its stake in Take-Two Interactive Software by 113.5% during the first quarter. Baird Financial Group Inc. now owns 5,108 shares of the company’s stock worth $1,059,000 after purchasing an additional 2,716 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Take-Two Interactive Software by 18.9% during the first quarter. Royal Bank of Canada now owns 754,848 shares of the company’s stock worth $156,443,000 after buying an additional 120,220 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of Take-Two Interactive Software in the first quarter valued at $250,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 0.9%

NASDAQ TTWO opened at $257.91 on Wednesday. Take-Two Interactive Software, Inc. has a 52 week low of $177.35 and a 52 week high of $264.79. The firm has a 50 day moving average of $246.44 and a two-hundred day moving average of $242.68. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $47.66 billion, a PE ratio of -11.42, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates 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 company’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the business earned ($2.08) EPS. As a group, research analysts expect that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTWO shares. 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. UBS Group lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Benchmark upped 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 research note on Thursday, October 16th. Wall Street Zen cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Twenty analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $266.33.

Insider Activity

In related news, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the transaction, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the transaction, the director directly owned 2,716 shares in the company, valued at approximately $640,840.20. The trade was a 13.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,007 shares of company stock valued at $247,095. Insiders own 1.34% of the company’s stock.

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.