First Trust Direct Indexing L.P. Raises Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

First Trust Direct Indexing L.P. increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,478 shares of the company’s stock after purchasing an additional 308 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Take-Two Interactive Software were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Robeco Institutional Asset Management B.V. lifted its stake in shares of Take-Two Interactive Software by 29.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 27,205 shares of the company’s stock valued at $3,819,000 after buying an additional 6,206 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Take-Two Interactive Software by 5.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,589 shares of the company’s stock valued at $3,031,000 after purchasing an additional 1,095 shares during the last quarter. Forsta AP Fonden lifted its position in Take-Two Interactive Software by 0.6% during the third quarter. Forsta AP Fonden now owns 33,300 shares of the company’s stock worth $4,675,000 after buying an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Take-Two Interactive Software by 2.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,405 shares of the company’s stock worth $4,269,000 after buying an additional 859 shares during the last quarter. Finally, BluePath Capital Management LLC purchased a new stake in Take-Two Interactive Software in the 3rd quarter valued at about $30,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on TTWO. Wedbush reiterated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Thursday. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Moffett Nathanson lowered Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their target price for the stock from $169.00 to $167.00 in a research report on Monday, February 5th. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, April 19th. Finally, Oppenheimer restated an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Take-Two Interactive Software Stock Up 2.0 %

Shares of NASDAQ TTWO opened at $145.88 on Monday. 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, Inc. has a 1 year low of $119.57 and a 1 year high of $171.59. The stock’s 50-day simple moving average is $146.50 and its 200-day simple moving average is $152.21. The firm has a market cap of $24.89 billion, a price-to-earnings ratio of -17.00, a PEG ratio of 1.21 and a beta of 0.75.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.34 billion. As a group, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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, 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.