Beech Hill Advisors Inc. boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 107.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,999 shares of the company's stock after buying an additional 7,769 shares during the period. Beech Hill Advisors Inc.'s holdings in Take-Two Interactive Software were worth $2,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its holdings in shares of Take-Two Interactive Software by 3.5% during the first quarter. Nordea Investment Management AB now owns 731,045 shares of the company's stock valued at $109,182,000 after buying an additional 24,723 shares during the last quarter. QRG Capital Management Inc. grew its stake in Take-Two Interactive Software by 169.7% during the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company's stock valued at $2,142,000 after purchasing an additional 9,076 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Take-Two Interactive Software by 421.0% in the fourth quarter. Wellington Management Group LLP now owns 327,006 shares of the company's stock valued at $52,632,000 after purchasing an additional 264,244 shares during the period. SteelPeak Wealth LLC raised its stake in shares of Take-Two Interactive Software by 127.4% in the first quarter. SteelPeak Wealth LLC now owns 13,788 shares of the company's stock worth $2,047,000 after purchasing an additional 7,725 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Take-Two Interactive Software by 26.4% in the fourth quarter. American International Group Inc. now owns 59,512 shares of the company's stock worth $9,578,000 after purchasing an additional 12,442 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.
In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.45% of the stock is owned by company insiders.
TTWO opened at $154.91 on Thursday. The company has a market cap of $27.15 billion, a price-to-earnings ratio of -6.95, a PEG ratio of 4.52 and a beta of 0.86. The firm's fifty day simple moving average is $153.35 and its two-hundred day simple moving average is $151.94. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59.
Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.24 billion. Equities analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. Benchmark increased their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Stifel Nicolaus increased their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Bank of America restated a "buy" rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. HSBC raised shares of Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price target on the stock in a report on Monday, August 12th. Finally, Redburn Atlantic assumed coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They set a "buy" rating and a $194.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Buy" and a consensus price target of $185.85.
Check Out Our Latest Research Report on Take-Two Interactive Software
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.
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