State Treasurer State of Michigan Acquires 1,600 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State Treasurer State of Michigan raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,800 shares of the company’s stock after buying an additional 1,600 shares during the period. State Treasurer State of Michigan’s holdings in Take-Two Interactive Software were worth $3,141,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TTWO. FMR LLC raised its position in shares of Take-Two Interactive Software by 73.1% in the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock valued at $319,116,000 after buying an additional 2,273,553 shares during the last quarter. State Street Corp raised its position in shares of Take-Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after buying an additional 1,193,381 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Take-Two Interactive Software by 12.5% in the first quarter. Vanguard Group Inc. now owns 8,277,144 shares of the company’s stock valued at $490,586,000 after buying an additional 916,573 shares during the last quarter. Asturias Capital LLC purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at approximately $29,956,000. Finally, Soros Fund Management LLC purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at approximately $27,270,000. Hedge funds and other institutional investors own 95.60% of the company’s stock.

Shares of Take-Two Interactive Software, Inc. (TTWO) opened at 92.02 on Thursday. Take-Two Interactive Software, Inc. has a 12 month low of $40.63 and a 12 month high of $92.49. The firm has a 50 day moving average price of $80.66 and a 200-day moving average price of $68.00. The firm has a market cap of $9.61 billion, a PE ratio of 54.32 and a beta of 0.83.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same quarter in the prior year, the business posted ($0.21) EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. On average, analysts predict that Take-Two Interactive Software, Inc. will post $2.16 EPS for the current fiscal year.

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Several analysts have weighed in on the company. Credit Suisse Group reaffirmed a “hold” rating and set a $71.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, May 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of Take-Two Interactive Software in a research note on Monday, July 10th. Cowen and Company reaffirmed a “buy” rating and set a $79.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 11th. Jefferies Group LLC reissued a “buy” rating and issued a $108.00 price objective (up previously from $91.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Finally, MKM Partners reissued a “buy” rating and issued a $97.00 price objective (up previously from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Take-Two Interactive Software presently has a consensus rating of “Buy” and an average price target of $85.22.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 50,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the sale, the director now directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The disclosure for this sale can be found here. Insiders sold a total of 147,305 shares of company stock worth $12,321,946 in the last 90 days. 1.55% of the stock is currently owned by company insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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

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