Investec Asset Management LTD bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 74,870 shares of the company’s stock, valued at approximately $5,494,000. Investec Asset Management LTD owned about 0.07% of Take-Two Interactive Software as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Take-Two Interactive Software by 12.5% in the 1st quarter. Vanguard Group Inc. now owns 8,277,144 shares of the company’s stock worth $490,586,000 after buying an additional 916,573 shares during the last quarter. FMR LLC boosted its stake in shares of Take-Two Interactive Software by 73.1% in the 1st quarter. FMR LLC now owns 5,384,102 shares of the company’s stock worth $319,116,000 after buying an additional 2,273,553 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Take-Two Interactive Software by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,158,753 shares of the company’s stock worth $305,169,000 after buying an additional 78,006 shares during the last quarter. State Street Corp boosted its stake in shares of Take-Two Interactive Software by 62.1% in the 1st quarter. State Street Corp now owns 3,116,177 shares of the company’s stock worth $184,699,000 after buying an additional 1,193,381 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 7,304.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock worth $22,315,000 after buying an additional 1,615,360 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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A number of equities analysts have recently weighed in on TTWO shares. MKM Partners restated a “buy” rating and issued a $80.00 target price (up previously from $63.00) on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Jefferies Group LLC restated a “buy” rating and issued a $65.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Benchmark Co. restated a “buy” rating and issued a $85.00 target price (up previously from $77.00) on shares of Take-Two Interactive Software in a research note on Wednesday, May 24th. Robert W. Baird boosted their target price on Take-Two Interactive Software from $53.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 24th. Finally, Bank of America Corporation boosted their target price on Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $89.55.

Take-Two Interactive Software, Inc. (NASDAQ TTWO) opened at 102.68 on Wednesday. The company has a market cap of $10.73 billion, a PE ratio of 60.61 and a beta of 0.77. Take-Two Interactive Software, Inc. has a 12-month low of $41.70 and a 12-month high of $102.94. The stock has a 50 day moving average of $94.03 and a 200 day moving average of $74.78.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The business had revenue of $348.30 million for the quarter, compared to analysts’ expectations of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.21) EPS. Equities analysts expect that Take-Two Interactive Software, Inc. will post $2.19 earnings per share for the current year.

In other news, CFO Lainie Goldstein sold 30,000 shares of Take-Two Interactive Software stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total transaction of $2,630,400.00. Following the transaction, the chief financial officer now owns 409,019 shares in the company, valued at approximately $35,862,785.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 465 shares of Take-Two Interactive Software stock in a transaction on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the transaction, the director now owns 69,006 shares in the company, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Insiders have sold a total of 87,465 shares of company stock worth $7,677,331 in the last quarter. Corporate insiders own 1.55% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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