Lee Johnson Capital Management LLC Invests $2.88 Million in Take-Two Interactive Software, Inc. $TTWO

Lee Johnson Capital Management LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,157 shares of the company’s stock, valued at approximately $2,883,000. Take-Two Interactive Software makes up about 1.0% of Lee Johnson Capital Management LLC’s portfolio, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Trust Co. NA increased its position in Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after buying an additional 39 shares in the last quarter. Blue Trust Inc. grew its holdings in Take-Two Interactive Software by 42.9% in the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the period. STF Management LP increased its position in Take-Two Interactive Software by 1.8% during the second quarter. STF Management LP now owns 2,616 shares of the company’s stock worth $635,000 after purchasing an additional 46 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Take-Two Interactive Software by 5.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock worth $207,000 after purchasing an additional 47 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Take-Two Interactive Software by 2.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,699 shares of the company’s stock valued at $413,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $235.95, for a total value of $97,683.30. Following the transaction, the director directly owned 2,716 shares of the company’s stock, valued at $640,840.20. This represents a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,007 shares of company stock valued at $247,095. Company insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets lifted their target price on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. DA Davidson increased their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a report on Monday, December 1st. Finally, CICC Research began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 target price on the stock. Twenty equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.33.

Take-Two Interactive Software Stock Up 0.9%

Shares of Take-Two Interactive Software stock opened at $257.91 on Wednesday. The stock has a market capitalization of $47.66 billion, a price-to-earnings ratio of -11.42, a PEG ratio of 4.08 and a beta of 0.96. Take-Two Interactive Software, Inc. has a twelve month low of $177.35 and a twelve month high of $264.79. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. The business’s 50 day simple moving average is $246.44 and its 200-day simple moving average is $242.68.

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

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.