Washington Capital Management Inc. Makes New $420,000 Investment in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

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Washington Capital Management Inc. acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,700 shares of the company’s stock, valued at approximately $420,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTWO. JPMorgan Chase & Co. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 42.4% in the 1st quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock worth $349,137,000 after buying an additional 1,101,453 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 278.6% in the 1st quarter. Toronto Dominion Bank now owns 324,250 shares of the company’s stock worth $30,597,000 after buying an additional 238,615 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock worth $159,151,000 after buying an additional 141,833 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 124.2% in the 1st quarter. William Blair Investment Management LLC now owns 253,864 shares of the company’s stock worth $23,957,000 after buying an additional 140,633 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter worth about $13,117,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Michael Sheresky sold 226 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $126.89, for a total transaction of $28,677.14. Following the sale, the director now directly owns 70,137 shares in the company, valued at $8,899,683.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel P. Emerson sold 8,758 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $109.92, for a total value of $962,679.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,719 shares of company stock worth $6,908,770. Company insiders own 1.20% of the company’s stock.

A number of brokerages recently weighed in on TTWO. SunTrust Banks began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, June 26th. They issued a “buy” rating and a $125.00 price target on the stock. KeyCorp boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Buckingham Research cut their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. Piper Jaffray Companies boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $134.00 and gave the stock an “in-line” rating in a report on Tuesday, August 6th. Finally, Credit Suisse Group boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $118.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $131.64.

Shares of TTWO traded down $3.58 during midday trading on Friday, hitting $128.81. 1,131,451 shares of the company traded hands, compared to its average volume of 1,881,505. The stock has a 50-day moving average of $122.28 and a 200-day moving average of $105.16. TAKE-TWO INTERACTIVE SOFTWARE, INC has a one year low of $84.41 and a one year high of $139.91. The firm has a market cap of $14.98 billion, a P/E ratio of 33.20, a PEG ratio of 3.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 1.44.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. The firm had revenue of $422.24 million for the quarter, compared to analysts’ expectations of $356.65 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s revenue was up 46.4% on a year-over-year basis. Sell-side analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 EPS for the current fiscal year.

About TAKE-TWO INTERACTIVE SOFTWARE

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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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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