Contravisory Investment Management Inc. Acquires New Position in Take-Two Interactive Software, Inc. $TTWO

Contravisory Investment Management Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,073 shares of the company’s stock, valued at approximately $536,000.

Several other hedge funds have also made changes to their positions in TTWO. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Take-Two Interactive Software by 21.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock worth $72,317,000 after purchasing an additional 52,524 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of Take-Two Interactive Software by 22.8% during the 2nd quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock worth $437,514,000 after purchasing an additional 334,946 shares during the period. Perigon Wealth Management LLC increased its holdings in Take-Two Interactive Software by 79.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock valued at $547,000 after purchasing an additional 995 shares during the last quarter. Swiss National Bank raised its position in Take-Two Interactive Software by 7.9% in the second quarter. Swiss National Bank now owns 534,308 shares of the company’s stock valued at $129,757,000 after purchasing an additional 38,900 shares during the period. Finally, Swedbank AB boosted its position in shares of Take-Two Interactive Software by 9.8% during the first quarter. Swedbank AB now owns 115,042 shares of the company’s stock worth $23,842,000 after buying an additional 10,305 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.3%

Shares of Take-Two Interactive Software stock opened at $247.40 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. Take-Two Interactive Software, Inc. has a 52-week low of $177.35 and a 52-week high of $264.79. The company has a market capitalization of $45.71 billion, a P/E ratio of -10.95, a P/E/G ratio of 3.94 and a beta of 0.96. The company has a 50 day moving average of $247.41 and a 200 day moving average of $241.53.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.08) EPS. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTWO. Jefferies Financial Group boosted their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price for the company in a research report on Monday, December 1st. Benchmark boosted their price target on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. BMO Capital Markets raised their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Twenty equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $266.33.

Insider Activity

In related news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the sale, the director owned 2,716 shares in the company, valued at $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the transaction, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,007 shares of company stock worth $247,095 in the last three months. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.