GSA Capital Partners LLP bought a new position in Take-Two Interactive Software Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,600 shares of the company’s stock, valued at approximately $250,000.
Other hedge funds have also made changes to their positions in the company. Seven Bridges Advisors LLC increased its position in Take-Two Interactive Software by 2.7% in the second quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock worth $110,000 after buying an additional 75 shares during the period. LS Investment Advisors LLC increased its position in Take-Two Interactive Software by 3.5% in the second quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock worth $116,000 after buying an additional 104 shares during the period. Navellier & Associates Inc increased its position in Take-Two Interactive Software by 5.2% in the second quarter. Navellier & Associates Inc now owns 6,740 shares of the company’s stock worth $256,000 after buying an additional 334 shares during the period. Miles Capital Inc. purchased a new position in Take-Two Interactive Software during the first quarter worth approximately $270,000. Finally, Wealthsource Partners LLC purchased a new position in Take-Two Interactive Software during the first quarter worth approximately $304,000.
Shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) traded up 0.42% during midday trading on Friday, reaching $45.36. The company had a trading volume of 917,959 shares. Take-Two Interactive Software Inc. has a 12 month low of $27.94 and a 12 month high of $46.78. The firm’s 50 day moving average price is $43.61 and its 200-day moving average price is $39.10. The company has a market capitalization of $3.84 billion, a P/E ratio of 189.00 and a beta of 1.09.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.08. Take-Two Interactive Software had a net margin of 1.39% and a return on equity of 20.92%. The firm earned $311.60 million during the quarter, compared to analyst estimates of $258.46 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company’s quarterly revenue was down 25.6% compared to the same quarter last year. Analysts anticipate that Take-Two Interactive Software Inc. will post $1.22 earnings per share for the current fiscal year.
A number of equities analysts recently commented on TTWO shares. Jefferies Group reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, July 11th. Piper Jaffray Cos. lifted their price target on Take-Two Interactive Software from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Zacks Investment Research downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $41.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $48.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $43.54.
In related news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $41.17, for a total value of $2,058,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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