Take-Two Interactive Software, Inc. (TTWO) Stake Increased by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 31,730 shares of the company’s stock after buying an additional 230 shares during the period. Neuberger Berman Group LLC’s holdings in Take-Two Interactive Software were worth $1,881,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TTWO. Envestnet Asset Management Inc. boosted its position in shares of Take-Two Interactive Software by 21.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,991 shares of the company’s stock worth $294,000 after buying an additional 1,073 shares during the last quarter. Cantab Capital Partners LLP boosted its position in shares of Take-Two Interactive Software by 9.9% in the fourth quarter. Cantab Capital Partners LLP now owns 6,625 shares of the company’s stock worth $327,000 after buying an additional 595 shares during the last quarter. Brown Advisory Inc. bought a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $260,000. Elkfork Partners LLC bought a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $208,000. Finally, Keybank National Association OH boosted its stake in Take-Two Interactive Software by 25.0% in the fourth quarter. Keybank National Association OH now owns 13,638 shares of the company’s stock valued at $672,000 after buying an additional 2,729 shares in the last quarter.

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

Shares of Take-Two Interactive Software, Inc. (TTWO) opened at 73.10 on Wednesday. The stock’s 50 day moving average price is $72.18 and its 200-day moving average price is $59.81. The firm has a market cap of $7.19 billion, a PE ratio of 102.24 and a beta of 0.66. Take-Two Interactive Software, Inc. has a 52-week low of $35.00 and a 52-week high of $80.54.

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

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

In other news, CEO Strauss Zelnick sold 35,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $78.53, for a total value of $2,748,550.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Karl Slatoff sold 387,237 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $57.98, for a total transaction of $22,452,001.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 447,077 shares of company stock worth $27,096,616. Company insiders own 2.50% of the company’s stock.

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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