China Universal Asset Management Co. Ltd. Raises Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

China Universal Asset Management Co. Ltd. raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 115.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,223 shares of the company’s stock after purchasing an additional 1,193 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Take-Two Interactive Software were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. ORG Partners LLC lifted its holdings in shares of Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after purchasing an additional 166 shares during the period. Crewe Advisors LLC lifted its stake in Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares during the period. UMB Bank n.a. boosted its holdings in shares of Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the second quarter worth $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TTWO shares. Benchmark boosted their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Stifel Nicolaus raised their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Finally, Jefferies Financial Group upped their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $185.60.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $162.89 on Thursday. The stock has a 50 day moving average of $155.64 and a two-hundred day moving average of $152.54. Take-Two Interactive Software, Inc. has a 12 month low of $132.17 and a 12 month high of $171.59. The firm has a market cap of $28.55 billion, a P/E ratio of -7.31, a price-to-earnings-growth ratio of 4.94 and a beta of 0.86. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. On average, analysts expect that Take-Two Interactive Software, Inc. will post 1.01 earnings per share for the current fiscal year.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.