Municipal Employees Retirement System of Michigan raised its holdings in Take-Two Interactive Software Inc (NASDAQ:TTWO) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,490 shares of the company’s stock after buying an additional 2,270 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Take-Two Interactive Software were worth $3,786,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. raised its stake in Take-Two Interactive Software by 20.4% in the third quarter. Prudential Financial Inc. now owns 77,314 shares of the company’s stock valued at $7,904,000 after buying an additional 13,080 shares during the period. CIBC Asset Management Inc bought a new stake in Take-Two Interactive Software in the third quarter valued at approximately $349,000. Nisa Investment Advisors LLC raised its stake in Take-Two Interactive Software by 109.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 43,369 shares of the company’s stock valued at $4,761,000 after buying an additional 22,620 shares during the period. Swiss National Bank raised its stake in Take-Two Interactive Software by 2.2% in the third quarter. Swiss National Bank now owns 173,700 shares of the company’s stock valued at $17,757,000 after buying an additional 3,800 shares during the period. Finally, Atlantic Trust Group LLC bought a new stake in Take-Two Interactive Software in the third quarter valued at approximately $2,456,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.
Several research firms have issued reports on TTWO. ValuEngine lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Wedbush set a $126.00 target price on Take-Two Interactive Software and gave the stock a “hold” rating in a research note on Thursday, February 8th. Oppenheimer increased their target price on Take-Two Interactive Software from $112.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 21st. TheStreet upgraded Take-Two Interactive Software from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, BidaskClub lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Take-Two Interactive Software currently has an average rating of “Buy” and an average target price of $123.48.
In other Take-Two Interactive Software news, Director Michael Sheresky sold 428 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $108.11, for a total value of $46,271.08. The sale was disclosed in a filing with the SEC, which is available at this link. 1.55% of the stock is owned by company insiders.
Take-Two Interactive Software Inc (NASDAQ TTWO) opened at $108.90 on Friday. Take-Two Interactive Software Inc has a 52 week low of $56.50 and a 52 week high of $129.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 1.18. The company has a market capitalization of $12,495.73, a price-to-earnings ratio of 68.92, a price-to-earnings-growth ratio of 2.92 and a beta of 0.96.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.34. Take-Two Interactive Software had a return on equity of 27.78% and a net margin of 9.43%. The firm had revenue of $653.94 million for the quarter, compared to analyst estimates of $669.08 million. equities analysts forecast that Take-Two Interactive Software Inc will post 2.45 earnings per share for the current year.
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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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