Point72 Asset Management L.P. acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 352,700 shares of the company’s stock, valued at approximately $40,042,000. Point72 Asset Management L.P. owned 0.31% of TAKE-TWO INTERACTIVE SOFTWARE as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 11.2% during the 2nd quarter. Invesco Ltd. now owns 4,656,054 shares of the company’s stock valued at $528,602,000 after purchasing an additional 467,758 shares in the last quarter. Valiant Capital Management L.P. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth $46,036,000. JPMorgan Chase & Co. grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 10.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,099,298 shares of the company’s stock worth $464,820,000 after purchasing an additional 399,633 shares during the last quarter. Tensile Capital Management LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth $35,194,000. Finally, Natixis acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth $27,393,000. 92.02% of the stock is owned by hedge funds and other institutional investors.
NASDAQ TTWO traded down $0.03 during trading on Friday, reaching $130.56. 811,824 shares of the stock traded hands, compared to its average volume of 1,339,695. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.78 and a beta of 0.78. The stock’s 50-day moving average price is $128.63 and its 200 day moving average price is $110.25. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. TAKE-TWO INTERACTIVE SOFTWARE, INC has a fifty-two week low of $84.41 and a fifty-two week high of $139.91.
In related news, CEO Strauss Zelnick sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $130.18, for a total value of $2,603,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 226 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $126.89, for a total transaction of $28,677.14. Following the completion of the transaction, 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. Insiders sold 24,726 shares of company stock worth $3,202,742 over the last three months. Insiders own 1.20% of the company’s stock.
Several analysts have issued reports on the stock. KeyCorp raised their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Morgan Stanley lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Credit Suisse Group lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $118.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. BMO Capital Markets raised shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $95.00 to $110.00 in a report on Tuesday, June 4th. Finally, SunTrust Banks started coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, June 26th. They set a “buy” rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE presently has an average rating of “Buy” and an average price target of $132.43.
TAKE-TWO INTERACTIVE SOFTWARE 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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