CHURCHILL MANAGEMENT Corp Increases Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)


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CHURCHILL MANAGEMENT Corp boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 47.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,710 shares of the company’s stock after buying an additional 8,617 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Take-Two Interactive Software were worth $5,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TTWO. Mercer Global Advisors Inc. ADV grew its holdings in shares of Take-Two Interactive Software by 2.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,950 shares of the company’s stock worth $322,000 after acquiring an additional 52 shares during the period. First United Bank Trust grew its stake in Take-Two Interactive Software by 0.9% in the third quarter. First United Bank Trust now owns 7,410 shares of the company’s stock worth $1,224,000 after purchasing an additional 65 shares during the period. Ellevest Inc. raised its holdings in Take-Two Interactive Software by 37.1% in the third quarter. Ellevest Inc. now owns 307 shares of the company’s stock worth $51,000 after purchasing an additional 83 shares in the last quarter. M&T Bank Corp lifted its position in Take-Two Interactive Software by 1.6% during the third quarter. M&T Bank Corp now owns 5,244 shares of the company’s stock valued at $866,000 after buying an additional 84 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Take-Two Interactive Software by 1.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,024 shares of the company’s stock valued at $1,325,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 93.08% of the company’s stock.

TTWO stock opened at $199.50 on Thursday. The business’s 50-day moving average price is $195.20 and its 200-day moving average price is $170.38. The stock has a market cap of $22.95 billion, a P/E ratio of 51.15, a PEG ratio of 4.06 and a beta of 0.57. Take-Two Interactive Software, Inc. has a twelve month low of $100.00 and a twelve month high of $211.44.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 5th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $1.03. The business had revenue of $957.50 million for the quarter, compared to the consensus estimate of $884.68 million. Take-Two Interactive Software had a net margin of 13.22% and a return on equity of 28.26%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. As a group, equities analysts forecast that Take-Two Interactive Software, Inc. will post 3.45 earnings per share for the current year.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 227 shares of the stock in a transaction on Monday, November 16th. The stock was sold at an average price of $161.35, for a total value of $36,626.45. Following the completion of the sale, the director now owns 61,158 shares in the company, valued at approximately $9,867,843.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is currently owned by insiders.

TTWO has been the subject of a number of recent research reports. Evercore ISI assumed coverage on shares of Take-Two Interactive Software in a research report on Monday, November 16th. They set an “outperform” rating and a $195.00 price target for the company. Credit Suisse Group lifted their target price on shares of Take-Two Interactive Software from $171.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 6th. BidaskClub raised Take-Two Interactive Software from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 15th. JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a research note on Wednesday, December 16th. They set a “neutral” rating and a $210.00 price objective for the company. Finally, Truist increased their target price on Take-Two Interactive Software from $170.00 to $175.00 in a research note on Wednesday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $171.47.

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 Redemption names; and offers episodes, content, and virtual currency.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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