Soros Fund Management LLC Buys New Stake in Take-Two Interactive Software, Inc. (TTWO)

Soros Fund Management LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 460,100 shares of the company’s stock, valued at approximately $27,270,000.

Several other large investors have also recently made changes to their positions in the stock. Fifth Third Bancorp increased its stake in shares of Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software during the first quarter valued at $114,000. Neuburgh Advisers LLC increased its stake in shares of Take-Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock valued at $176,000 after buying an additional 560 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $203,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Take-Two Interactive Software during the first quarter valued at $206,000.

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

Take-Two Interactive Software, Inc. (NASDAQ TTWO) traded up 0.20% during mid-day trading on Friday, hitting $74.16. 2,227,978 shares of the stock were exchanged. The firm has a market cap of $7.29 billion, a P/E ratio of 103.72 and a beta of 0.66. Take-Two Interactive Software, Inc. has a 12-month low of $35.00 and a 12-month high of $80.54. The company has a 50 day moving average of $71.28 and a 200 day moving average of $59.10.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Tuesday, May 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. The firm had revenue of $407.20 million during the quarter, compared to the consensus estimate of $354.10 million. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share. On average, equities analysts anticipate that Take-Two Interactive Software, Inc. will post $1.68 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was originally published by sleekmoney and is owned by of sleekmoney. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://sleekmoney.com/soros-fund-management-llc-buys-new-stake-in-take-two-interactive-software-inc-ttwo/1916406.html.

Several equities research analysts have recently weighed in on TTWO shares. Benchmark Co. reissued a “buy” rating and issued a $85.00 target price (up previously from $77.00) on shares of Take-Two Interactive Software in a research note on Wednesday, May 24th. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. MKM Partners reissued a “buy” rating and issued a $80.00 target price (up previously from $63.00) on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $74.00 target price (up previously from $64.00) on shares of Take-Two Interactive Software in a research note on Thursday, May 18th. Finally, Bank of America Corporation increased their target price on shares of Take-Two Interactive Software from $67.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $72.41.

In other news, VP Daniel P. Emerson sold 18,440 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $76.21, for a total transaction of $1,405,312.40. Following the completion of the sale, the vice president now owns 135,088 shares in the company, valued at $10,295,056.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Karl Slatoff sold 387,237 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $57.98, for a total value of $22,452,001.26. The disclosure for this sale can be found here. Insiders sold 447,077 shares of company stock valued at $27,096,616 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/soros-fund-management-llc-buys-new-stake-in-take-two-interactive-software-inc-ttwo/1916406.html

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *