GAMMA Investing LLC Purchases 92 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

by · The Markets Daily

GAMMA Investing LLC grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,709 shares of the company’s stock after buying an additional 92 shares during the quarter. GAMMA Investing LLC’s holdings in Take-Two Interactive Software were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Secured Retirement Advisors LLC purchased a new position in Take-Two Interactive Software in the fourth quarter worth $953,000. Nordea Investment Management AB boosted its holdings in shares of Take-Two Interactive Software by 3.5% in the 1st quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock worth $109,182,000 after buying an additional 24,723 shares during the last quarter. QRG Capital Management Inc. grew its position in Take-Two Interactive Software by 169.7% during the first quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock valued at $2,142,000 after buying an additional 9,076 shares during the period. Wellington Management Group LLP increased its holdings in Take-Two Interactive Software by 421.0% during the fourth quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock worth $52,632,000 after buying an additional 264,244 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its position in Take-Two Interactive Software by 127.4% in the first quarter. SteelPeak Wealth LLC now owns 13,788 shares of the company’s stock worth $2,047,000 after acquiring an additional 7,725 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 0.2 %

Shares of NASDAQ:TTWO opened at $153.49 on Friday. The firm has a market capitalization of $26.90 billion, a PE ratio of -6.98, a price-to-earnings-growth ratio of 4.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59. The firm has a fifty day moving average of $152.10 and a 200 day moving average of $151.68.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. As a group, research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America restated a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Redburn Atlantic assumed coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective for the company. Benchmark upped their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group lifted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $185.10.

Get Our Latest Research Report on Take-Two Interactive Software

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.

About Take-Two Interactive Software

(Free Report)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

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