Castleark Management LLC lessened its position in shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,080 shares of the company’s stock after selling 17,160 shares during the quarter. Castleark Management LLC’s holdings in Take-Two Interactive Software were worth $4,400,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in Take-Two Interactive Software by 20.4% in the 3rd 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 in the last quarter. CIBC Asset Management Inc acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at $349,000. Nisa Investment Advisors LLC boosted its stake in Take-Two Interactive Software by 109.0% in the 4th 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 in the last quarter. Atlantic Trust Group LLC acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at $2,456,000. Finally, Bank of Montreal Can boosted its stake in Take-Two Interactive Software by 0.7% in the 4th quarter. Bank of Montreal Can now owns 343,324 shares of the company’s stock valued at $37,689,000 after buying an additional 2,416 shares in the last quarter. 91.27% of the stock is currently owned by institutional investors.
TTWO has been the topic of several recent analyst reports. BidaskClub lowered Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, December 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $148.00 price target (down previously from $150.00) on shares of Take-Two Interactive Software in a research note on Thursday, February 8th. CIBC reaffirmed an “outperform” rating and issued a $135.00 price target (up previously from $112.00) on shares of Take-Two Interactive Software in a research note on Tuesday, November 21st. Finally, KeyCorp reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, December 19th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $123.48.
In other news, Director Michael Sheresky sold 428 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $108.11, for a total transaction of $46,271.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.55% of the company’s stock.
Take-Two Interactive Software Inc (NASDAQ TTWO) opened at $104.50 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.17. Take-Two Interactive Software Inc has a 52-week low of $56.50 and a 52-week high of $129.25. The stock has a market capitalization of $12,273.79, a price-to-earnings ratio of 66.14, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.
Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, February 7th. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.34. The company had revenue of $653.94 million during the quarter, compared to the consensus estimate of $669.08 million. Take-Two Interactive Software had a return on equity of 27.78% and a net margin of 9.43%. equities research analysts expect that Take-Two Interactive Software Inc will post 2.45 earnings per share for the current year.
About Take-Two Interactive Software
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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