Advisors Asset Management Inc. Purchases 20,377 Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

Advisors Asset Management Inc. boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 553.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,059 shares of the company’s stock after acquiring an additional 20,377 shares during the quarter. Advisors Asset Management Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TTWO. American Century Companies Inc. acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth $136,745,000. Point72 Asset Management L.P. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 45.1% during the second quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock worth $219,007,000 after acquiring an additional 575,392 shares in the last quarter. Guggenheim Capital LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 1,446.7% during the first quarter. Guggenheim Capital LLC now owns 517,076 shares of the company’s stock worth $50,560,000 after acquiring an additional 483,646 shares in the last quarter. Criterion Capital Management LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth $46,530,000. Finally, USS Investment Management Ltd raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 43.0% during the second quarter. USS Investment Management Ltd now owns 1,103,602 shares of the company’s stock worth $130,628,000 after acquiring an additional 332,000 shares in the last quarter. Hedge funds and other institutional investors own 92.55% of the company’s stock.

Several research firms have issued reports on TTWO. ValuEngine upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 15th. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Wedbush set a $150.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Barclays set a $138.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research lowered TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of “Buy” and a consensus target price of $133.89.

In related news, CFO Lainie Goldstein sold 27,100 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $130.10, for a total value of $3,525,710.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul E. Viera purchased 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average price of $133.93 per share, for a total transaction of $10,044,750.00. Following the acquisition, the director now owns 926 shares of the company’s stock, valued at $124,019.18. The disclosure for this purchase can be found here. In the last quarter, insiders sold 53,408 shares of company stock worth $6,954,178. 1.07% of the stock is owned by company insiders.

TAKE-TWO INTERACTIVE SOFTWARE stock opened at $130.60 on Monday. The stock has a market capitalization of $15.71 billion, a P/E ratio of 74.63, a PEG ratio of 2.76 and a beta of 0.99. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $92.81 and a 12-month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. The business had revenue of $288.33 million for the quarter, compared to analysts’ expectations of $258.95 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. On average, equities analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current year.

TAKE-TWO INTERACTIVE SOFTWARE 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.

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

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