Kavi Asset Management LP increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 42.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,200 shares of the company’s stock after buying an additional 59,900 shares during the period. Take-Two Interactive Software makes up approximately 7.2% of Kavi Asset Management LP’s holdings, making the stock its 3rd largest position. Kavi Asset Management LP owned about 0.22% of Take-Two Interactive Software worth $9,917,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. LS Investment Advisors LLC raised its position in Take-Two Interactive Software by 1.4% in the third quarter. LS Investment Advisors LLC now owns 3,104 shares of the company’s stock valued at $140,000 after buying an additional 43 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Take-Two Interactive Software by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 57,403 shares of the company’s stock valued at $2,829,000 after buying an additional 180 shares in the last quarter. US Bancorp DE raised its position in Take-Two Interactive Software by 4.3% in the third quarter. US Bancorp DE now owns 5,840 shares of the company’s stock valued at $263,000 after buying an additional 242 shares in the last quarter. Cipher Capital LP raised its position in Take-Two Interactive Software by 2.1% in the fourth quarter. Cipher Capital LP now owns 12,372 shares of the company’s stock valued at $610,000 after buying an additional 259 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Take-Two Interactive Software by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,830 shares of the company’s stock valued at $849,000 after buying an additional 300 shares in the last quarter.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) traded down 0.27% during trading on Tuesday, reaching $58.26. The company’s stock had a trading volume of 1,530,204 shares. Take-Two Interactive Software, Inc. has a 52-week low of $33.06 and a 52-week high of $58.76. The firm has a 50 day moving average price of $52.58 and a 200-day moving average price of $47.18. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 348.86 and a beta of 0.86.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Take-Two Interactive Software had a return on equity of 21.74% and a net margin of 0.91%. The company earned $476.50 million during the quarter, compared to analysts’ expectations of $689.64 million. During the same quarter in the previous year, the firm earned $0.89 EPS. Take-Two Interactive Software’s revenue was up 15.0% on a year-over-year basis. On average, analysts expect that Take-Two Interactive Software, Inc. will post $1.88 earnings per share for the current year.
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Several research analysts have issued reports on the company. Wedbush reiterated a “neutral” rating and set a $48.00 price objective on shares of Take-Two Interactive Software in a research note on Friday. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday. Credit Suisse Group increased their target price on Take-Two Interactive Software from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 31st. Jefferies Group LLC increased their target price on Take-Two Interactive Software to $65.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Finally, Stifel Nicolaus increased their target price on Take-Two Interactive Software from $59.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.14.
In other news, CEO Strauss Zelnick sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $49.55, for a total transaction of $3,964,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.
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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