Cerity Partners LLC Buys 623 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Cerity Partners LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 35.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,390 shares of the company’s stock after purchasing an additional 623 shares during the quarter. Cerity Partners LLC’s holdings in Take-Two Interactive Software were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB increased its holdings in Take-Two Interactive Software by 130.8% during the 3rd quarter. Nordea Investment Management AB now owns 653,346 shares of the company’s stock valued at $92,122,000 after purchasing an additional 370,229 shares during the period. Mariner LLC increased its stake in shares of Take-Two Interactive Software by 223.2% during the third quarter. Mariner LLC now owns 497,060 shares of the company’s stock valued at $69,783,000 after buying an additional 343,277 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Take-Two Interactive Software by 8.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,170,470 shares of the company’s stock valued at $585,492,000 after acquiring an additional 321,632 shares in the last quarter. Schroder Investment Management Group lifted its stake in Take-Two Interactive Software by 117.1% in the third quarter. Schroder Investment Management Group now owns 530,403 shares of the company’s stock worth $74,463,000 after acquiring an additional 286,076 shares during the period. Finally, Boston Partners boosted its holdings in Take-Two Interactive Software by 10.5% in the third quarter. Boston Partners now owns 2,893,303 shares of the company’s stock valued at $405,792,000 after acquiring an additional 275,368 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 0.7 %

Shares of NASDAQ:TTWO opened at $144.47 on Friday. The stock’s 50-day simple moving average is $147.33 and its two-hundred day simple moving average is $152.16. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of -16.84, a PEG ratio of 1.19 and a beta of 0.74. Take-Two Interactive Software, Inc. has a 52-week low of $119.57 and a 52-week high of $171.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Analysts expect that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Jefferies Financial Group initiated coverage on Take-Two Interactive Software in a research report on Monday, April 1st. They set a “buy” rating and a $195.00 price objective on the stock. BMO Capital Markets assumed coverage on Take-Two Interactive Software in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price for the company. JPMorgan Chase & Co. dropped their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Finally, Wedbush reiterated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.61.

Insider Transactions at Take-Two Interactive Software

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

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.