TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Shares Acquired by We Are One Seven LLC

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We Are One Seven LLC increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,963 shares of the company’s stock after acquiring an additional 94 shares during the quarter. We Are One Seven LLC’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $497,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TTWO. Advisor Group Inc. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 37.0% in the first quarter. Advisor Group Inc. now owns 9,668 shares of the company’s stock worth $912,000 after acquiring an additional 2,612 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 675.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock valued at $58,000 after buying an additional 534 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter valued at approximately $97,000. Lazard Asset Management LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 879.0% during the first quarter. Lazard Asset Management LLC now owns 146,960 shares of the company’s stock valued at $13,868,000 after buying an additional 131,948 shares in the last quarter. Finally, GYL Financial Synergies LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter valued at approximately $595,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

In related news, Director Michael Sheresky sold 226 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $126.89, for a total value of $28,677.14. Following the completion of the transaction, the director now directly owns 70,137 shares of the company’s stock, valued at approximately $8,899,683.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Strauss Zelnick sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.18, for a total value of $2,603,600.00. The disclosure for this sale can be found here. Insiders have sold 24,726 shares of company stock valued at $3,202,742 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Several analysts have issued reports on the company. MKM Partners upped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Morgan Stanley upped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Stephens restated an “overweight” rating and set a $120.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 17th. Jefferies Financial Group upped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. They noted that the move was a valuation call. Finally, Barclays upped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $113.00 to $124.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and an average price target of $131.04.

NASDAQ:TTWO opened at $122.42 on Friday. The firm has a market capitalization of $13.79 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 4.54 and a beta of 0.75. The stock has a 50 day moving average of $127.48 and a 200-day moving average of $113.64. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52 week low of $84.41 and a 52 week high of $135.70. 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 posted its earnings results on Monday, August 5th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.14. The company had revenue of $422.24 million during the quarter, compared to analyst estimates of $356.65 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. The business’s revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 EPS for the current fiscal year.

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.

Read More: When can a hold rating present a buying opportunity?

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

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