SFE Investment Counsel Takes $635,000 Position in TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

SFE Investment Counsel bought a new position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,605 shares of the company’s stock, valued at approximately $635,000.

A number of other large investors also recently bought and sold shares of the business. Macquarie Group Ltd. grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 1,925,576 shares of the company’s stock worth $227,911,000 after purchasing an additional 72,090 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 45.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock worth $219,007,000 after acquiring an additional 575,392 shares during the last quarter. USS Investment Management Ltd boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 15.6% during the 3rd quarter. USS Investment Management Ltd now owns 1,275,820 shares of the company’s stock worth $176,044,000 after acquiring an additional 172,218 shares during the last quarter. Northern Trust Corp boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.6% during the 2nd quarter. Northern Trust Corp now owns 1,183,859 shares of the company’s stock worth $140,121,000 after acquiring an additional 7,441 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter worth $136,745,000. 92.93% of the stock is owned by institutional investors and hedge funds.

TTWO has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $131.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. ValuEngine cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 7th. Barclays set a $138.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research note on Friday, August 3rd. Wedbush set a $132.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research note on Thursday, July 26th. Finally, Bank of America lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $141.06.



In related news, Director Paul E. Viera purchased 75,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were acquired at an average price of $133.93 per share, for a total transaction of $10,044,750.00. Following the purchase, the director now directly owns 926 shares in the company, valued at $124,019.18. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul E. Viera purchased 73,896 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was bought at an average price of $133.94 per share, for a total transaction of $9,897,630.24. Following the purchase, the director now owns 926 shares in the company, valued at $124,028.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 66,676 shares of company stock worth $8,594,500. 1.07% of the stock is owned by corporate insiders.

Shares of TTWO traded up $1.89 during trading hours on Wednesday, reaching $125.90. 33,527 shares of the stock traded hands, compared to its average volume of 2,123,855. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52-week low of $92.81 and a 52-week high of $139.91. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 72.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Thursday, August 2nd. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.49% and a return on equity of 18.54%. The company had revenue of $288.33 million for the quarter, compared to analysts’ expectations of $258.95 million. On average, equities research analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current 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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