Rakuten Investment Management Inc. Takes $10.95 Million Position in Take-Two Interactive Software, Inc. $TTWO

Rakuten Investment Management Inc. acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 42,375 shares of the company’s stock, valued at approximately $10,948,000.

Several other institutional investors also recently bought and sold shares of TTWO. ORG Partners LLC increased its stake in Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. boosted its stake in shares of Take-Two Interactive Software by 101.9% during the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 53 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the second quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Take-Two Interactive Software in the third quarter worth $29,000. Finally, LGT Financial Advisors LLC bought a new stake in Take-Two Interactive Software during the 2nd quarter valued at $34,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 182 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the transaction, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the transaction, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,010 shares of company stock worth $242,102 over the last ninety days. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 1.0%

Shares of NASDAQ:TTWO opened at $238.23 on Thursday. The firm has a market capitalization of $44.02 billion, a P/E ratio of -10.55, a P/E/G ratio of 3.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $246.16 and a 200-day moving average price of $243.62. Take-Two Interactive Software, Inc. has a 52-week low of $179.61 and a 52-week high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results 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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The firm’s revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the company posted ($2.08) earnings per share. As a group, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTWO. B. Riley started coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price target on the stock. TD Cowen reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Morgan Stanley boosted their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. UBS Group lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, CICC Research started coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $272.68.

About Take-Two Interactive Software

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.