Blue Trust Inc. Increases Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Blue Trust Inc. grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 109.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 503 shares of the company’s stock after buying an additional 263 shares during the quarter. Blue Trust Inc.’s holdings in Take-Two Interactive Software were worth $78,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTWO. ORG Partners LLC boosted its holdings in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after buying an additional 166 shares in the last quarter. Crewe Advisors LLC grew its holdings in Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 143 shares during the last quarter. UMB Bank n.a. raised its stake in Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth about $37,000. Finally, BOKF NA lifted its stake in shares of Take-Two Interactive Software by 466.7% during the 1st quarter. BOKF NA now owns 272 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the subject of several analyst reports. Morgan Stanley upped their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Benchmark lifted their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Redburn Atlantic started coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price for the company. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $185.60.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $162.89 on Thursday. Take-Two Interactive Software, Inc. has a 52 week low of $132.17 and a 52 week high of $171.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock has a market cap of $28.55 billion, a P/E ratio of -7.31, a price-to-earnings-growth ratio of 4.94 and a beta of 0.86. The stock has a 50 day moving average of $155.64 and a 200-day moving average of $152.54.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, analysts expect that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.45% of the stock is owned by company insiders.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.