US Bancorp DE lessened its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 2.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,209 shares of the company's stock after selling 735 shares during the quarter. US Bancorp DE's holdings in Take-Two Interactive Software were worth $3,824,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC increased its position in Take-Two Interactive Software by 3.0% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 2,760 shares of the company's stock valued at $424,000 after purchasing an additional 80 shares during the period. Pacific Global Investment Management Co. grew its position in shares of Take-Two Interactive Software by 0.6% during the 1st quarter. Pacific Global Investment Management Co. now owns 15,198 shares of the company's stock worth $2,337,000 after buying an additional 87 shares during the period. Wedbush Securities Inc. grew its position in shares of Take-Two Interactive Software by 3.8% during the 1st quarter. Wedbush Securities Inc. now owns 2,460 shares of the company's stock worth $378,000 after buying an additional 90 shares during the period. Gilbert & Cook Inc. grew its position in shares of Take-Two Interactive Software by 5.4% during the 1st quarter. Gilbert & Cook Inc. now owns 1,917 shares of the company's stock worth $295,000 after buying an additional 98 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of Take-Two Interactive Software by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company's stock worth $1,003,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.
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Shares of TTWO opened at $124.58 on Monday. The business has a 50-day moving average of $121.22 and a 200 day moving average of $124.33. Take-Two Interactive Software, Inc. has a fifty-two week low of $101.85 and a fifty-two week high of $195.82. The firm has a market cap of $14.43 billion, a P/E ratio of 81.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 0.92.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.18). Take-Two Interactive Software had a return on equity of 8.21% and a net margin of 4.26%. The firm had revenue of $1,000.00 million during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business posted $0.70 EPS. The company's revenue was up 40.6% compared to the same quarter last year. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 3.07 EPS for the current year.Analyst Ratings Changes
Several analysts have recently commented on TTWO shares. UBS Group reduced their price objective on shares of Take-Two Interactive Software from $185.00 to $143.00 and set a "neutral" rating for the company in a research report on Wednesday, June 29th. Robert W. Baird reduced their price objective on shares of Take-Two Interactive Software from $145.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, August 9th. Barclays raised their price objective on shares of Take-Two Interactive Software to $175.00 in a research report on Monday, August 15th. Stifel Nicolaus cut their target price on Take-Two Interactive Software from $195.00 to $180.00 in a report on Tuesday, August 9th. Finally, Bank of America cut Take-Two Interactive Software from a "buy" rating to a "neutral" rating and cut their target price for the stock from $141.00 to $130.00 in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and a consensus target price of $168.28.
Take-Two Interactive Software Profile
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Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.
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