Ameriprise Financial Inc. Purchases 666,198 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Ameriprise Financial Inc. raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,460,891 shares of the company’s stock after acquiring an additional 666,198 shares during the period. Ameriprise Financial Inc.’s holdings in Take-Two Interactive Software were worth $694,173,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTWO. APG Asset Management N.V. grew its position in Take-Two Interactive Software by 184.5% in the 2nd quarter. APG Asset Management N.V. now owns 21,279 shares of the company’s stock valued at $3,087,000 after purchasing an additional 13,800 shares during the period. AQR Capital Management LLC grew its holdings in shares of Take-Two Interactive Software by 5.9% during the second quarter. AQR Capital Management LLC now owns 19,265 shares of the company’s stock valued at $2,996,000 after buying an additional 1,078 shares during the last quarter. Caxton Associates LP increased its position in shares of Take-Two Interactive Software by 95.2% during the second quarter. Caxton Associates LP now owns 42,768 shares of the company’s stock worth $6,650,000 after acquiring an additional 20,859 shares in the last quarter. Unisphere Establishment acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $5,442,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Take-Two Interactive Software in the 2nd quarter valued at about $154,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.6 %

TTWO stock opened at $151.69 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59. The stock has a fifty day moving average of $151.76 and a 200-day moving average of $151.30. The company has a market capitalization of $26.59 billion, a price-to-earnings ratio of -6.90, a PEG ratio of 4.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on TTWO shares. Bank of America reissued a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Wedbush reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Benchmark increased their target price 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. Finally, HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $185.10.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is owned by company insiders.

Take-Two Interactive Software Company Profile

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.