Landsberg Bennett & Dubbaneh LLC lowered its stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,513 shares of the company’s stock after selling 467 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $3,039,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Larson Financial Group LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter worth about $34,000. Pacer Advisors Inc. lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 6.1% during the 3rd quarter. Pacer Advisors Inc. now owns 33,473 shares of the company’s stock worth $4,196,000 after purchasing an additional 1,925 shares during the last quarter. We Are One Seven LLC lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.4% during the 3rd quarter. We Are One Seven LLC now owns 3,963 shares of the company’s stock worth $497,000 after purchasing an additional 94 shares during the last quarter. Polianta Ltd acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter worth about $1,052,000. Finally, Cerebellum GP LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter worth about $445,000. 92.06% of the stock is owned by institutional investors.
In other news, CEO Strauss Zelnick sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.18, for a total value of $2,603,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 226 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $126.89, for a total value of $28,677.14. Following the completion of the sale, the director now owns 70,137 shares in the company, valued at $8,899,683.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,726 shares of company stock worth $3,202,742. Corporate insiders own 1.20% of the company’s stock.
TTWO has been the subject of several research analyst reports. Stifel Nicolaus set a $138.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer upped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $145.00 in a report on Wednesday, September 11th. Credit Suisse Group upped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $118.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. SunTrust Banks set a $133.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley upped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $131.04.
TAKE-TWO INTERACTIVE SOFTWARE stock traded up $0.01 during trading hours on Friday, hitting $122.41. The stock had a trading volume of 81,866 shares, compared to its average volume of 1,529,902. The company has a 50-day moving average of $127.69 and a two-hundred day moving average of $113.50. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. The company has a market cap of $13.52 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 4.45 and a beta of 0.75. TAKE-TWO INTERACTIVE SOFTWARE, INC has a fifty-two week low of $84.41 and a fifty-two week high of $135.70.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Monday, August 5th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. The firm had revenue of $422.24 million during the quarter, compared to analysts’ expectations of $356.65 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 46.4% on a year-over-year basis. As a group, analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 EPS for the current fiscal year.
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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