CIBC Asset Management Inc Has $7.60 Million Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

CIBC Asset Management Inc boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,889 shares of the company’s stock after purchasing an additional 152 shares during the period. CIBC Asset Management Inc’s holdings in Take-Two Interactive Software were worth $7,602,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TTWO. International Assets Investment Management LLC boosted its position in Take-Two Interactive Software by 14,929.1% during the 4th quarter. International Assets Investment Management LLC now owns 45,388 shares of the company’s stock worth $7,305,000 after acquiring an additional 45,086 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Take-Two Interactive Software by 12.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,228 shares of the company’s stock worth $359,000 after purchasing an additional 243 shares during the period. Victory Capital Management Inc. grew its position in Take-Two Interactive Software by 40.1% during the fourth quarter. Victory Capital Management Inc. now owns 174,731 shares of the company’s stock valued at $28,123,000 after purchasing an additional 50,024 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Take-Two Interactive Software by 56.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,751 shares of the company’s stock valued at $282,000 after buying an additional 634 shares during the period. Finally, M&T Bank Corp lifted its position in Take-Two Interactive Software by 2.6% in the 4th quarter. M&T Bank Corp now owns 6,472 shares of the company’s stock worth $1,042,000 after buying an additional 162 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TTWO shares. BMO Capital Markets restated an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 target price on the stock. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a report on Monday, August 12th. Finally, Bank of America reiterated a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

Take-Two Interactive Software Stock Down 3.6 %

Shares of TTWO stock opened at $155.90 on Wednesday. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market cap of $27.33 billion, a PE ratio of -7.09, a price-to-earnings-growth ratio of 4.67 and a beta of 0.86. The stock has a 50 day moving average of $151.67 and a 200-day moving average of $150.76.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping 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, equities analysts predict that Take-Two Interactive Software, Inc. will post 1.07 EPS for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.