Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,661 shares of the company’s stock after purchasing an additional 480 shares during the quarter. Highland Capital Management LLC’s holdings in Take-Two Interactive Software were worth $7,326,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC grew its position in shares of 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 acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC grew its position in Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the last quarter. UMB Bank n.a. grew its position in Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Blue Trust Inc. increased its stake in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after purchasing an additional 193 shares during the period. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday. Jefferies Financial Group boosted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Monday, August 12th. Finally, Bank of America restated 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 equities research analyst has rated the stock with a hold rating, nineteen have given 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 a consensus price target of $185.60.

Take-Two Interactive Software Stock Up 0.3 %

Shares of NASDAQ TTWO opened at $161.79 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50-day moving average is $155.23 and its two-hundred day moving average is $152.31. 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 market capitalization of $28.36 billion, a PE ratio of -7.26, a price-to-earnings-growth ratio of 4.63 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last posted 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 positive return on equity of 1.74% and a negative net margin of 70.33%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.45% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software

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.