Salomon & Ludwin LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 400 shares of the company’s stock, valued at approximately $50,000.
A number of other hedge funds also recently made changes to their positions in TTWO. Cornerstone Advisors Inc. raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 121.0% during the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the third quarter valued at approximately $25,000. Squar Milner Financial Services LLC grew its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 475.7% in the third quarter. Squar Milner Financial Services LLC now owns 213 shares of the company’s stock valued at $26,000 after purchasing an additional 176 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at approximately $28,000. Finally, Phocas Financial Corp. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at approximately $28,000. Institutional investors own 93.15% of the company’s stock.
Several analysts have commented on the company. Oppenheimer raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $145.00 in a report on Wednesday, September 11th. MKM Partners raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. UBS Group assumed coverage on TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday. They issued a “buy” rating and a $140.00 price objective on the stock. Stifel Nicolaus dropped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $144.00 to $140.00 and set a “buy” rating on the stock in a report on Monday. Finally, Barclays reissued a “buy” rating and issued a $142.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has an average rating of “Buy” and an average price target of $133.04.
Shares of NASDAQ:TTWO traded up $1.28 during trading on Wednesday, reaching $120.27. The stock had a trading volume of 1,340,900 shares, compared to its average volume of 1,978,352. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.46 and a current ratio of 1.48. The business has a fifty day moving average price of $121.76 and a 200-day moving average price of $117.96. The stock has a market cap of $13.24 billion, a PE ratio of 31.00, a PEG ratio of 4.35 and a beta of 0.72. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 1-year low of $84.41 and a 1-year high of $135.70.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.78. The firm had revenue of $950.50 million for the quarter, compared to analyst estimates of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. The business’s revenue was up 62.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. Sell-side analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 earnings per share for the current year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 4,500 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $126.77, for a total transaction of $570,465.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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