Cerebellum GP LLC Makes New $243,000 Investment in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

Cerebellum GP LLC purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,575 shares of the company’s stock, valued at approximately $243,000.

A number of other institutional investors also recently made changes to their positions in the business. Mackenzie Financial Corp increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 2,164.3% during the 4th quarter. Mackenzie Financial Corp now owns 79,047 shares of the company’s stock worth $8,137,000 after purchasing an additional 75,556 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 20.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,159 shares of the company’s stock valued at $1,458,000 after acquiring an additional 2,395 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter valued at approximately $258,000. Piedmont Investment Advisors Inc. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 8.8% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,532 shares of the company’s stock valued at $672,000 after acquiring an additional 528 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock valued at $27,000 after acquiring an additional 206 shares during the last quarter. Institutional investors own 93.73% of the company’s stock.

A number of research analysts recently commented on TTWO shares. KeyCorp lowered their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, May 14th. Morgan Stanley set a $60.00 price target on Berry Global Group and gave the company a “hold” rating in a research report on Wednesday, April 17th. Wedbush set a $20.00 price target on Ares Capital and gave the company a “buy” rating in a research report on Tuesday, May 14th. Piper Jaffray Companies set a $9.00 price target on FTS International and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Finally, Jefferies Financial Group raised their price objective on Wynn Resorts from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $123.82.

In other news, insider Daniel P. Emerson sold 8,758 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $109.92, for a total transaction of $962,679.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $108.74, for a total transaction of $2,718,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,993 shares of company stock worth $3,706,028 in the last three months. Insiders own 1.07% of the company’s stock.

NASDAQ:TTWO traded down $0.07 during mid-day trading on Friday, hitting $116.46. 953,107 shares of the company’s stock were exchanged, compared to its average volume of 1,172,674. The company has a fifty day moving average price of $111.60. The stock has a market cap of $13.11 billion, a P/E ratio of 30.02, a PEG ratio of 3.63 and a beta of 0.80. TAKE-TWO INTERACTIVE SOFTWARE, INC has a one year low of $84.41 and a one year high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Monday, May 13th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. The company had revenue of $488.40 million for the quarter, compared to analysts’ expectations of $500.86 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.88 EPS for the current year.

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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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