Pacer Advisors Inc. Acquires 1,925 Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

Pacer Advisors Inc. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 6.1% in the third quarter, Holdings Channel reports. The firm owned 33,473 shares of the company’s stock after purchasing an additional 1,925 shares during the quarter. Pacer Advisors Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $4,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Advisors Inc. lifted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 121.0% during the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock worth $25,000 after purchasing an additional 121 shares during the period. North Star Investment Management Corp. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the third quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at approximately $28,000. Phocas Financial Corp. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at approximately $28,000. Finally, Commonwealth Bank of Australia raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 36.6% in the second quarter. Commonwealth Bank of Australia now owns 325 shares of the company’s stock valued at $35,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

TTWO opened at $122.42 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 31.55, a P/E/G ratio of 4.54 and a beta of 0.75. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12 month low of $84.41 and a 12 month high of $135.70. The firm’s fifty day simple moving average is $127.48 and its 200 day simple moving average is $113.64. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.14. The business had revenue of $422.24 million for the quarter, compared to analysts’ expectations of $356.65 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm’s revenue was up 46.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. On average, equities research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 EPS for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Michael Sheresky sold 226 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $126.89, for a total transaction of $28,677.14. Following the sale, the director now directly owns 70,137 shares of the company’s stock, valued at approximately $8,899,683.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel P. Emerson sold 4,500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $126.77, for a total transaction of $570,465.00. The disclosure for this sale can be found here. Insiders have sold a total of 24,726 shares of company stock worth $3,202,742 over the last three months. Insiders own 1.20% of the company’s stock.

A number of research analysts have recently issued reports on TTWO shares. Morgan Stanley lifted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Stephens reiterated an “overweight” rating and issued a $120.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 17th. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Bank of America reiterated a “buy” rating and issued a $144.00 target price (up previously from $133.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, August 21st. Finally, Cowen lifted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $131.04.

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 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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