Raymond James Trust N.A. increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 113.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,865 shares of the company's stock after acquiring an additional 1,523 shares during the period. Raymond James Trust N.A.'s holdings in Take-Two Interactive Software were worth $351,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Capital World Investors purchased a new position in Take-Two Interactive Software in the 1st quarter valued at about $513,164,000. Norges Bank purchased a new position in Take-Two Interactive Software in the 4th quarter worth approximately $183,696,000. DNB Asset Management AS lifted its stake in Take-Two Interactive Software by 345.5% in the 1st quarter. DNB Asset Management AS now owns 882,391 shares of the company's stock worth $135,659,000 after purchasing an additional 684,323 shares in the last quarter. DnB Asset Management AS lifted its stake in Take-Two Interactive Software by 50.5% in the 2nd quarter. DnB Asset Management AS now owns 1,327,648 shares of the company's stock worth $162,677,000 after purchasing an additional 445,257 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Take-Two Interactive Software by 81.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 919,607 shares of the company's stock worth $141,380,000 after purchasing an additional 412,456 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.
Get Take-Two Interactive Software alerts:Take-Two Interactive Software Price Performance
Shares of NASDAQ:TTWO opened at $109.90 on Wednesday. The company has a 50-day simple moving average of $124.87 and a 200-day simple moving average of $128.74. Take-Two Interactive Software, Inc. has a one year low of $101.85 and a one year high of $195.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 72.30, a PEG ratio of 1.87 and a beta of 0.77.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.18). Take-Two Interactive Software had a return on equity of 8.21% and a net margin of 4.26%. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The company's revenue was up 40.6% compared to the same quarter last year. On average, analysts predict that Take-Two Interactive Software, Inc. will post 3.24 EPS for the current year.Wall Street Analyst Weigh In
A number of research firms have weighed in on TTWO. Credit Suisse Group decreased their target price on shares of Take-Two Interactive Software from $139.00 to $137.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 9th. BMO Capital Markets decreased their target price on shares of Take-Two Interactive Software from $182.00 to $155.00 in a research note on Thursday, September 1st. Barclays raised their price target on shares of Take-Two Interactive Software to $175.00 in a report on Monday, August 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Take-Two Interactive Software from a "buy" rating to a "hold" rating and cut their price target for the stock from $200.00 to $160.00 in a report on Wednesday, August 17th. Finally, Wedbush raised their price target on shares of Take-Two Interactive Software from $145.00 to $162.00 and gave the stock an "outperform" rating in a report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.12.
Take-Two Interactive Software Profile
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Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.
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