Wedbush Securities Inc. Acquires New Position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

Wedbush Securities Inc. acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the 3rd quarter, Holdings Channel reports. The fund acquired 2,057 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 7.2% during the 1st quarter. Nordea Investment Management AB now owns 6,012 shares of the company’s stock valued at $567,000 after acquiring an additional 404 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 37.5% in the 2nd quarter. WINTON GROUP Ltd now owns 6,754 shares of the company’s stock worth $767,000 after purchasing an additional 1,841 shares during the period. TrimTabs Asset Management LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $1,283,000. KAMES CAPITAL plc lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 24.8% in the 2nd quarter. KAMES CAPITAL plc now owns 18,367 shares of the company’s stock worth $2,085,000 after purchasing an additional 3,644 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 305.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,785 shares of the company’s stock worth $2,246,000 after purchasing an additional 14,906 shares during the period. 92.14% of the stock is currently owned by institutional investors.

In related news, insider Daniel P. Emerson sold 4,500 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $126.77, for a total value of $570,465.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.18, for a total transaction of $2,603,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,726 shares of company stock worth $3,202,742. Company insiders own 1.20% of the company’s stock.

NASDAQ TTWO traded up $2.32 on Thursday, reaching $125.00. 52,060 shares of the stock were exchanged, compared to its average volume of 1,204,892. TAKE-TWO INTERACTIVE SOFTWARE, INC has a one year low of $84.41 and a one year high of $135.70. The firm has a market capitalization of $14.01 billion, a PE ratio of 32.27, a PEG ratio of 4.54 and a beta of 0.75. The company’s 50-day simple moving average is $125.51 and its two-hundred day simple moving average is $115.26. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06.

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

TTWO has been the topic of several recent research reports. Bank of America reiterated a “buy” rating and issued a $144.00 price objective (up previously from $133.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, August 21st. Jefferies Financial Group increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. They noted that the move was a valuation call. SunTrust Banks set a $133.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Credit Suisse Group increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $118.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Nomura initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Thursday, October 3rd. They issued a “neutral” rating and a $135.00 price objective on the stock. One investment 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $132.04.

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

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