Ameriprise Financial Inc. Has $694.17 Million Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Ameriprise Financial Inc. lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,460,891 shares of the company’s stock after buying an additional 666,198 shares during the period. Ameriprise Financial Inc. owned approximately 2.60% of Take-Two Interactive Software worth $694,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TTWO. Moody National Bank Trust Division lifted its position in shares of Take-Two Interactive Software by 2.2% during the 1st quarter. Moody National Bank Trust Division now owns 4,172 shares of the company’s stock valued at $620,000 after acquiring an additional 91 shares during the period. Salomon & Ludwin LLC grew its stake in Take-Two Interactive Software by 25.7% during the first quarter. Salomon & Ludwin LLC now owns 445 shares of the company’s stock worth $66,000 after buying an additional 91 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Take-Two Interactive Software by 15.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock worth $107,000 after buying an additional 91 shares in the last quarter. Banco Santander S.A. increased its holdings in Take-Two Interactive Software by 0.6% in the 2nd quarter. Banco Santander S.A. now owns 15,773 shares of the company’s stock valued at $2,453,000 after buying an additional 97 shares during the period. Finally, Drive Wealth Management LLC lifted its holdings in shares of Take-Two Interactive Software by 6.1% during the 2nd quarter. Drive Wealth Management LLC now owns 1,704 shares of the company’s stock worth $265,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $151.69 on Friday. The stock’s 50 day moving average is $151.76 and its 200 day moving average is $151.30. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year high of $171.59. The firm has a market cap of $26.59 billion, a P/E ratio of -6.90, a P/E/G ratio of 4.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, research analysts expect that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of recent analyst reports. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Monday, August 12th. Morgan Stanley upped their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Finally, Jefferies Financial Group lifted their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $185.10.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is owned by corporate insiders.

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, 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.