Quantbot Technologies LP Takes $2.91 Million Position in Take-Two Interactive Software, Inc. $TTWO

Quantbot Technologies LP acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, Holdings Channel.com reports. The fund acquired 11,984 shares of the company’s stock, valued at approximately $2,910,000.

A number of other institutional investors also recently bought and sold shares of the company. ORG Partners LLC grew its stake in shares of Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 59 shares during the period. Blue Trust Inc. lifted its holdings in Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 53 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in Take-Two Interactive Software in the first quarter valued at approximately $29,000. Game Plan Financial Advisors LLC purchased a new position in Take-Two Interactive Software in the first quarter worth approximately $31,000. Finally, LGT Financial Advisors LLC acquired a new stake in Take-Two Interactive Software during the second quarter worth $34,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $247.51 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $45.73 billion, a P/E ratio of -10.96, a P/E/G ratio of 3.91 and a beta of 0.96. The stock has a 50-day moving average of $250.03 and a two-hundred day moving average of $240.21. Take-Two Interactive Software, Inc. has a 1-year low of $177.35 and a 1-year high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted ($2.08) earnings per share. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. As a group, analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 182 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the sale, the director directly owned 65,781 shares in the company, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Friday, November 14th. The shares were sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the transaction, the director owned 2,716 shares of the company’s stock, valued at approximately $640,840.20. This trade represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,421 shares of company stock worth $349,042 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

TTWO has been the topic of several recent analyst reports. DA Davidson upped their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Raymond James Financial lifted their price target on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $264.65.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.