Hartford Investment Management Co. Grows Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Hartford Investment Management Co. boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,255 shares of the company’s stock after buying an additional 74 shares during the quarter. Hartford Investment Management Co.’s holdings in Take-Two Interactive Software were worth $1,576,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ninety One UK Ltd raised its position in shares of Take-Two Interactive Software by 473.2% during the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after acquiring an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Take-Two Interactive Software by 2,224.9% during the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after purchasing an additional 1,034,000 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after buying an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares during the period. Finally, Samlyn Capital LLC grew its position in shares of Take-Two Interactive Software by 47.9% during the 2nd quarter. Samlyn Capital LLC now owns 1,205,897 shares of the company’s stock valued at $187,505,000 after buying an additional 390,810 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

TTWO opened at $161.26 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market cap of $28.27 billion, a PE ratio of -7.24, a P/E/G ratio of 4.63 and a beta of 0.86. The business has a fifty day simple moving average of $154.99 and a 200-day simple moving average of $152.25. Take-Two Interactive Software, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, equities analysts predict that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on TTWO. BMO Capital Markets restated an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Morgan Stanley increased their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Bank of America reiterated a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group upped their target price on shares of 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 research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $185.60.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.45% of the stock is owned by company insiders.

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.