LPL Financial LLC Acquires 902 Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

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LPL Financial LLC grew its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,940 shares of the company’s stock after buying an additional 902 shares during the period. LPL Financial LLC’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TTWO. Lavaca Capital LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth about $25,000. Synovus Financial Corp increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 381.5% during the fourth quarter. Synovus Financial Corp now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 206 shares during the last quarter. TCI Wealth Advisors Inc. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 348.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock worth $29,000 after purchasing an additional 216 shares during the last quarter. Kistler Tiffany Companies LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth about $31,000. Finally, Optimum Investment Advisors increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 211.1% during the fourth quarter. Optimum Investment Advisors now owns 500 shares of the company’s stock worth $51,000 after purchasing an additional 950 shares during the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

Shares of TTWO stock opened at $92.43 on Friday. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 52.82, a P/E/G ratio of 1.63 and a beta of 1.01. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 1-year low of $84.41 and a 1-year high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Wednesday, February 6th. The company reported $3.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $1.17. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 139.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, equities analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.15 EPS for the current year.

Several research firms recently issued reports on TTWO. MKM Partners cut their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a “buy” rating for the company in a research report on Thursday, February 7th. Buckingham Research restated a “buy” rating and set a $130.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, December 18th. Stephens began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Thursday, January 10th. They set an “overweight” rating and a $138.00 price objective for the company. Benchmark raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $156.00 and gave the stock a “buy” rating in a research report on Thursday, February 7th. Finally, BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $134.92.

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TAKE-TWO INTERACTIVE SOFTWARE Company Profile

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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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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