Rakuten Investment Management Inc. Takes Position in Take-Two Interactive Software, Inc. $TTWO

Rakuten Investment Management Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to its most recent filing with the SEC. The fund bought 42,375 shares of the company’s stock, valued at approximately $10,948,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its holdings in Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after acquiring an additional 39 shares during the last quarter. Mather Group LLC. grew its position in shares of Take-Two Interactive Software by 2.7% during the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after acquiring an additional 39 shares during the period. Blue Trust Inc. increased its position in Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after buying an additional 45 shares during the last quarter. Finally, STF Management LP boosted its position in Take-Two Interactive Software by 1.8% during the second quarter. STF Management LP now owns 2,616 shares of the company’s stock worth $635,000 after purchasing an additional 46 shares during the period. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

TTWO stock opened at $238.23 on Thursday. The firm has a 50 day simple moving average of $246.16 and a two-hundred day simple moving average of $243.62. The stock has a market cap of $44.02 billion, a PE ratio of -10.55, a P/E/G ratio of 3.84 and a beta of 0.92. Take-Two Interactive Software, Inc. has a one year low of $179.61 and a one year high of $264.79. 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 quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company posted ($2.08) EPS. The business’s quarterly revenue was up 33.3% on a year-over-year basis. On average, analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price for the company in a research note on Monday, December 1st. BMO Capital Markets raised their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. B. Riley started coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, DA Davidson boosted their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $272.68.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the transaction, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,010 shares of company stock worth $242,102. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Company Profile

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.