Quantbot Technologies LP Invests $2.91 Million in Take-Two Interactive Software, Inc. $TTWO

Quantbot Technologies LP purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,984 shares of the company’s stock, valued at approximately $2,910,000.

Several other hedge funds have also bought and sold shares of TTWO. Vanguard Group Inc. increased its holdings in shares of Take-Two Interactive Software by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after purchasing an additional 903,385 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Take-Two Interactive Software by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock valued at $1,341,789,000 after buying an additional 166,867 shares during the period. Geode Capital Management LLC increased its holdings in Take-Two Interactive Software by 8.9% in the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock valued at $1,124,088,000 after buying an additional 378,371 shares in the last quarter. Norges Bank purchased a new position in Take-Two Interactive Software in the second quarter valued at $731,047,000. Finally, Invesco Ltd. raised its position in shares of Take-Two Interactive Software by 11.0% in the first quarter. Invesco Ltd. now owns 2,975,192 shares of the company’s stock worth $616,609,000 after acquiring an additional 294,378 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were 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 of the company’s stock, valued at $640,840.20. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the business’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 transaction, the director owned 65,781 shares in the company, valued at approximately $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,421 shares of company stock worth $349,042. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $247.51 on Friday. 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, Inc. has a 1 year low of $177.35 and a 1 year high of $264.79. The firm has a market capitalization of $45.73 billion, a PE ratio of -10.96, a P/E/G ratio of 3.91 and a beta of 0.96. The business’s 50 day moving average price is $250.03 and its 200-day moving average price is $240.21.

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. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted ($2.08) EPS. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, equities research analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTWO. Arete Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday. BMO Capital Markets raised their price objective on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Bank of America boosted their price objective on Take-Two Interactive Software from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 8th. CICC Research started coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 target price on the stock. Finally, DA Davidson lifted 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 note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $264.65.

Take-Two Interactive Software Company 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.