Oppenheimer Asset Management Inc. increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,532 shares of the company’s stock after acquiring an additional 1,782 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in TTWO. Norges Bank purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth $108,310,000. Bank of America Corp DE lifted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 89.6% in the fourth quarter. Bank of America Corp DE now owns 908,148 shares of the company’s stock worth $93,485,000 after acquiring an additional 429,293 shares during the period. Eagle Asset Management Inc. lifted its position in TAKE-TWO INTERACTIVE SOFTWARE by 76.8% during the fourth quarter. Eagle Asset Management Inc. now owns 782,171 shares of the company’s stock valued at $80,516,000 after buying an additional 339,718 shares during the period. FMR LLC lifted its position in TAKE-TWO INTERACTIVE SOFTWARE by 8.6% during the fourth quarter. FMR LLC now owns 3,871,977 shares of the company’s stock valued at $398,581,000 after buying an additional 307,032 shares during the period. Finally, AGF Investments Inc. lifted its position in TAKE-TWO INTERACTIVE SOFTWARE by 76.1% during the fourth quarter. AGF Investments Inc. now owns 568,426 shares of the company’s stock valued at $58,514,000 after buying an additional 245,713 shares during the period. 95.97% of the stock is owned by institutional investors.
In other news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $94.05, for a total transaction of $13,600,946.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.07% of the stock is owned by company insiders.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $2.02 by $1.17. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.92% and a net margin of 14.26%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $1.12 earnings per share. The company’s revenue was up 139.9% on a year-over-year basis. On average, sell-side analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.15 EPS for the current fiscal year.
Several equities analysts have commented on TTWO shares. BidaskClub lowered TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd. TheStreet raised TAKE-TWO INTERACTIVE SOFTWARE from a “c+” rating to a “b+” rating in a research report on Wednesday, February 6th. Morgan Stanley lowered their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Goldman Sachs Group started coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, January 30th. They set a “buy” rating and a $130.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on TAKE-TWO INTERACTIVE SOFTWARE to $114.00 and set an “outperform” rating for the company in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and a consensus target price of $131.12.
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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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