Baird Financial Group Inc. Acquires 25,729 Shares of Take-Two Interactive Software, Inc. $TTWO

Baird Financial Group Inc. boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 503.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,837 shares of the company’s stock after purchasing an additional 25,729 shares during the quarter. Baird Financial Group Inc.’s holdings in Take-Two Interactive Software were worth $7,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Take-Two Interactive Software by 101.9% in the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 53 shares in the last quarter. ORG Partners LLC grew its holdings in Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 59 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Take-Two Interactive Software in the second quarter valued at $27,000. LGT Financial Advisors LLC bought a new stake in Take-Two Interactive Software in the second quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Take-Two Interactive Software during the first quarter valued at about $29,000. 95.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the transaction, the director owned 2,716 shares in the company, valued at approximately $640,840.20. This represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the sale, the director directly owned 65,781 shares in the company, valued at approximately $15,465,770.91. This represents a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,421 shares of company stock valued at $349,042. Insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research reports. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. CICC Research began coverage on Take-Two Interactive Software in a report on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 price target on the stock. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a report on Monday, December 1st. UBS Group lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Nineteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $264.65.

Take-Two Interactive Software Trading Down 0.2%

NASDAQ:TTWO opened at $247.28 on Tuesday. Take-Two Interactive Software, Inc. has a 52 week low of $177.35 and a 52 week high of $264.79. The firm has a 50-day moving average price of $249.61 and a two-hundred day moving average price of $240.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $45.69 billion, a price-to-earnings ratio of -10.95, a price-to-earnings-growth ratio of 3.96 and a beta of 0.96.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.08) EPS. On average, equities analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.