Federated Hermes Inc. Increases Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Federated Hermes Inc. raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 48,369 shares of the company’s stock after purchasing an additional 3,487 shares during the quarter. Federated Hermes Inc.’s holdings in Take-Two Interactive Software were worth $7,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Take-Two Interactive Software by 192.4% in the 3rd quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock valued at $8,811,000 after purchasing an additional 41,297 shares in the last quarter. Laurion Capital Management LP acquired a new stake in shares of Take-Two Interactive Software in the third quarter worth approximately $17,169,000. United Asset Strategies Inc. acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter worth approximately $1,527,000. Rheos Capital Works Inc. boosted its position in shares of Take-Two Interactive Software by 380.3% in the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock worth $38,419,000 after acquiring an additional 189,000 shares during the last quarter. Finally, Caxton Associates LP boosted its position in shares of Take-Two Interactive Software by 4,029.8% in the third quarter. Caxton Associates LP now owns 70,000 shares of the company’s stock worth $9,827,000 after acquiring an additional 68,305 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the transaction, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTWO. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, April 19th. Citigroup raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price target for the company from $170.00 to $200.00 in a research report on Monday, April 8th. Jefferies Financial Group started coverage on shares of Take-Two Interactive Software in a research report on Monday, April 1st. They set a “buy” rating and a $195.00 price target on the stock. Moffett Nathanson cut shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $167.00 in a research report on Monday, February 5th. Finally, Roth Mkm lifted their price target on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $177.61.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $142.83 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a 1-year low of $119.57 and a 1-year high of $171.59. The firm has a fifty day moving average price of $147.78 and a two-hundred day moving average price of $152.21.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Take-Two Interactive Software 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.