State of Alaska Department of Revenue Purchases 20,850 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

State of Alaska Department of Revenue grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) by 37.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,086 shares of the company’s stock after buying an additional 20,850 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of Take-Two Interactive Software worth $9,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TTWO. Private Advisor Group LLC increased its stake in shares of Take-Two Interactive Software by 148.6% in the 4th quarter. Private Advisor Group LLC now owns 3,453 shares of the company’s stock worth $614,000 after purchasing an additional 2,064 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Take-Two Interactive Software by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 642,246 shares of the company’s stock worth $114,141,000 after purchasing an additional 20,592 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Take-Two Interactive Software by 2.7% in the 4th quarter. Gabelli Funds LLC now owns 62,150 shares of the company’s stock worth $11,045,000 after purchasing an additional 1,650 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Take-Two Interactive Software by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,240,885 shares of the company’s stock worth $397,335,000 after purchasing an additional 41,947 shares in the last quarter. Finally, KRS Capital Management LLC purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $184,000. 95.43% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Down 3.3 %

Shares of NASDAQ TTWO opened at $124.19 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.30. Take-Two Interactive Software, Inc. has a 52 week low of $101.85 and a 52 week high of $195.82. The firm has a 50-day moving average price of $125.94 and a 200 day moving average price of $130.58. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 81.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.77.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of $0.84 by ($1.60). Take-Two Interactive Software had a net margin of 4.26% and a return on equity of 8.21%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating and cut their price target for the stock from $200.00 to $160.00 in a research note on Wednesday, August 17th. Barclays increased their price target on Take-Two Interactive Software to $175.00 in a research note on Monday, August 15th. Wedbush increased their price target on Take-Two Interactive Software from $145.00 to $162.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 8th. Bank of America lowered Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their price target for the stock from $141.00 to $130.00 in a research note on Tuesday, August 9th. Finally, Robert W. Baird cut their price target on Take-Two Interactive Software from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $167.12.

Take-Two Interactive Software Profile

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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 T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

Further Reading

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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