Take-Two Interactive (TTWO) Stake Increased by LPL Financial LLC

LPL Financial LLC lifted its position in shares of Take-Two Interactive (NASDAQ:TTWO) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,226 shares of the company’s stock after acquiring an additional 671 shares during the period. LPL Financial LLC’s holdings in Take-Two Interactive were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of TTWO. JFS Wealth Advisors LLC acquired a new position in Take-Two Interactive during the 4th quarter worth approximately $110,000. Cerebellum GP LLC acquired a new position in Take-Two Interactive during the 4th quarter worth approximately $133,000. Huntington National Bank increased its position in Take-Two Interactive by 75.0% during the 4th quarter. Huntington National Bank now owns 1,419 shares of the company’s stock worth $156,000 after purchasing an additional 608 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Take-Two Interactive by 233.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock worth $173,000 after purchasing an additional 1,186 shares in the last quarter. Finally, US Bancorp DE increased its position in Take-Two Interactive by 42.8% during the 4th quarter. US Bancorp DE now owns 1,689 shares of the company’s stock worth $185,000 after purchasing an additional 506 shares in the last quarter. 91.27% of the stock is owned by institutional investors.

In other news, CEO Strauss Zelnick sold 252,197 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $95.63, for a total transaction of $24,117,599.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sheresky sold 428 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $108.11, for a total transaction of $46,271.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 492,559 shares of company stock valued at $47,115,477. 1.55% of the stock is currently owned by corporate insiders.



TTWO opened at $97.19 on Friday. Take-Two Interactive has a twelve month low of $57.55 and a twelve month high of $129.25. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The firm has a market cap of $11,053.16, a PE ratio of 50.88, a PEG ratio of 1.52 and a beta of 1.04.

Take-Two Interactive (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.34. Take-Two Interactive had a net margin of 9.43% and a return on equity of 27.78%. The company had revenue of $653.94 million during the quarter, compared to analysts’ expectations of $669.08 million. research analysts anticipate that Take-Two Interactive will post 2.43 earnings per share for the current fiscal year.

A number of research firms recently issued reports on TTWO. Barclays reiterated an “overweight” rating and set a $128.00 price objective (up from $121.00) on shares of Take-Two Interactive in a research report on Thursday, February 8th. Wedbush set a $126.00 price objective on shares of Take-Two Interactive and gave the stock a “hold” rating in a research report on Thursday, February 8th. TheStreet upgraded shares of Take-Two Interactive from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Credit Suisse Group upped their price objective on shares of Take-Two Interactive from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Hilliard Lyons upgraded shares of Take-Two Interactive from an “underperform” rating to a “neutral” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $123.48.

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About Take-Two Interactive

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. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for Take-Two Interactive (NASDAQ:TTWO)

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