Washington Capital Management Inc. Buys New Position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

Washington Capital Management Inc. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,700 shares of the company’s stock, valued at approximately $420,000.

Several other institutional investors have also made changes to their positions in the stock. Evolution Wealth Advisors LLC raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 27.8% in the second quarter. Evolution Wealth Advisors LLC now owns 1,095 shares of the company’s stock worth $124,000 after purchasing an additional 238 shares in the last quarter. Exane Derivatives bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the first quarter worth $37,000. Oppenheimer Asset Management Inc. raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 16.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 12,532 shares of the company’s stock worth $1,182,000 after purchasing an additional 1,782 shares in the last quarter. GYL Financial Synergies LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the first quarter worth $595,000. Finally, TrimTabs Asset Management LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the second quarter worth $1,283,000. Institutional investors own 91.86% of the company’s stock.

Shares of NASDAQ:TTWO traded down $3.58 on Friday, hitting $128.81. 1,131,451 shares of the company traded hands, compared to its average volume of 1,881,505. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52 week low of $84.41 and a 52 week high of $139.91. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $122.28 and a 200-day simple moving average of $105.16. The company has a market cap of $14.98 billion, a PE ratio of 33.20, a PEG ratio of 3.85 and a beta of 0.80.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. The firm had revenue of $422.24 million during the quarter, compared to the consensus estimate of $356.65 million. During the same period last year, the company earned $0.12 earnings per share. The company’s revenue was up 46.4% on a year-over-year basis. As a group, sell-side analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 earnings per share for the current year.

In related news, insider Daniel P. Emerson sold 8,758 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $109.92, for a total transaction of $962,679.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 25,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total value of $2,718,500.00. The disclosure for this sale can be found here. Insiders have sold 58,719 shares of company stock worth $6,908,770 over the last ninety days. 1.20% of the stock is currently owned by insiders.

TTWO has been the subject of a number of research reports. Piper Jaffray Companies increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $134.00 and gave the stock an “in-line” rating in a report on Tuesday, August 6th. KeyCorp increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Stifel Nicolaus set a $138.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a report on Wednesday, August 7th. Buckingham Research decreased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Finally, Cowen increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $131.64.

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

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