Seelaus Asset Management LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,525 shares of the company’s stock, valued at approximately $238,000.
Other hedge funds have also bought and sold shares of the company. Lavaca Capital LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at $25,000. Phocas Financial Corp. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at $26,000. Synovus Financial Corp raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the fourth quarter. Synovus Financial Corp now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 206 shares during the period. TCI Wealth Advisors Inc. raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 348.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock valued at $29,000 after buying an additional 216 shares during the period. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at $31,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.
TTWO has been the topic of several research reports. Gabelli initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, January 16th. They issued a “buy” rating and a $136.00 target price on the stock. Deutsche Bank initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $130.00 target price on the stock. MKM Partners lowered their target price on TAKE-TWO INTERACTIVE SOFTWARE to $130.00 and set a “buy” rating on the stock in a research note on Friday, January 25th. Zacks Investment Research upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a research note on Tuesday, January 29th. Finally, Goldman Sachs Group assumed coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, January 30th. They set a “buy” rating and a $130.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $126.12.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.95%. The company had revenue of $488.40 million for the quarter, compared to the consensus estimate of $500.86 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, sell-side analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.54 EPS for the current fiscal year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $94.05, for a total value of $13,600,946.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.07% of the stock is owned by corporate insiders.
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TAKE-TWO INTERACTIVE SOFTWARE Company 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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