5,513 Shares in TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO) Acquired by Rational Advisors LLC
Rational Advisors LLC acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,513 shares of the company’s stock, valued at approximately $761,000.
A number of other institutional investors have also recently bought and sold shares of the business. Capital Advisors Ltd. LLC boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 169.9% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 834 shares of the company’s stock worth $115,000 after purchasing an additional 525 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $130,000. Piedmont Investment Advisors LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $155,000. IFP Advisors Inc boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 586.7% in the 3rd quarter. IFP Advisors Inc now owns 1,339 shares of the company’s stock worth $185,000 after purchasing an additional 1,144 shares in the last quarter. Finally, Clear Perspective Advisors LLC boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 86.7% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,400 shares of the company’s stock worth $166,000 after purchasing an additional 650 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on TTWO shares. Zacks Investment Research cut TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Wedbush set a $132.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Thursday, July 26th. Morgan Stanley boosted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. Finally, Stifel Nicolaus boosted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $144.94.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. The company had revenue of $583.42 million during the quarter, compared to analyst estimates of $549.87 million. During the same period in the previous year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.05 earnings per share for the current year.
In other news, Director Paul E. Viera acquired 73,896 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was bought at an average cost of $133.94 per share, for a total transaction of $9,897,630.24. Following the acquisition, the director now directly owns 926 shares in the company, valued at $124,028.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total transaction of $1,640,322.84. The disclosure for this sale can be found here. 1.07% of the stock is owned by insiders.
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About TAKE-TWO INTERACTIVE SOFTWARE
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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