BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 2,511 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,329 shares of the company’s stock after acquiring an additional 2,511 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Take-Two Interactive Software were worth $3,776,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTWO. Primecap Management Co. CA boosted its stake in Take-Two Interactive Software by 28,383.5% in the first quarter. Primecap Management Co. CA now owns 484,220 shares of the company’s stock valued at $85,562,000 after acquiring an additional 482,520 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Take-Two Interactive Software by 116.7% in the second quarter. Los Angeles Capital Management LLC now owns 867,693 shares of the company’s stock valued at $153,599,000 after acquiring an additional 467,254 shares during the last quarter. Alta Capital Management LLC boosted its stake in Take-Two Interactive Software by 117.1% in the first quarter. Alta Capital Management LLC now owns 589,194 shares of the company’s stock valued at $104,110,000 after acquiring an additional 317,756 shares during the last quarter. Federated Hermes Inc. boosted its stake in Take-Two Interactive Software by 289.7% in the first quarter. Federated Hermes Inc. now owns 371,419 shares of the company’s stock valued at $65,630,000 after acquiring an additional 276,119 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Take-Two Interactive Software by 9.2% during the first quarter. Alliancebernstein L.P. now owns 2,874,227 shares of the company’s stock worth $507,876,000 after purchasing an additional 241,874 shares in the last quarter. 86.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on TTWO shares. Jefferies Financial Group raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and lifted their price target for the stock from $185.00 to $231.00 in a research report on Thursday, June 3rd. MKM Partners reduced their price target on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 3rd. Barclays reduced their price target on shares of Take-Two Interactive Software from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 3rd. Ascendiant Capital Markets dropped their price objective on shares of Take-Two Interactive Software from $216.00 to $198.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Truist dropped their price objective on shares of Take-Two Interactive Software from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, August 16th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $212.00.

In other news, Director Michael Sheresky sold 159 shares of the company’s stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $159.08, for a total transaction of $25,293.72. Following the completion of the sale, the director now owns 61,421 shares of the company’s stock, valued at approximately $9,770,852.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Shares of Take-Two Interactive Software stock opened at $152.15 on Wednesday. The company has a 50 day moving average of $164.06 and a 200-day moving average of $172.10. Take-Two Interactive Software, Inc. has a 1-year low of $151.00 and a 1-year high of $214.91. The company has a market cap of $17.73 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 4.69 and a beta of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Sunday, August 1st. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.12. Take-Two Interactive Software had a net margin of 19.45% and a return on equity of 17.92%. The company had revenue of $711.40 million during the quarter, compared to the consensus estimate of $685.64 million. During the same quarter in the prior year, the firm posted $2.30 EPS. The firm’s quarterly revenue was down 28.6% on a year-over-year basis. As a group, equities analysts predict that Take-Two Interactive Software, Inc. will post 2.97 earnings per share for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

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

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