Federated Hermes Inc. Boosts Stake in Take-Two Interactive Software, Inc. $TTWO

Federated Hermes Inc. increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 33.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 18,950 shares of the company’s stock after acquiring an additional 4,708 shares during the period. Federated Hermes Inc.’s holdings in Take-Two Interactive Software were worth $4,896,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 3.0% in the third quarter. Valeo Financial Advisors LLC now owns 5,586 shares of the company’s stock valued at $1,443,000 after acquiring an additional 164 shares in the last quarter. Phoenix Financial Ltd. lifted its position in Take-Two Interactive Software by 9.9% during the third quarter. Phoenix Financial Ltd. now owns 1,405 shares of the company’s stock valued at $363,000 after acquiring an additional 126 shares during the last quarter. Northstar Advisory Group LLC boosted its stake in Take-Two Interactive Software by 538.6% in the third quarter. Northstar Advisory Group LLC now owns 7,325 shares of the company’s stock valued at $1,892,000 after acquiring an additional 6,178 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Finally, Compass Wealth Management LLC acquired a new stake in Take-Two Interactive Software in the 3rd quarter worth approximately $3,419,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 0.7%

Shares of NASDAQ TTWO opened at $221.81 on Tuesday. Take-Two Interactive Software, Inc. has a 52-week low of $181.86 and a 52-week high of $264.79. The business’s 50 day moving average is $246.30 and its two-hundred day moving average is $243.64. The firm has a market cap of $40.99 billion, a price-to-earnings ratio of -9.82, a PEG ratio of 3.51 and a beta of 0.92. 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 (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted ($2.08) earnings per share. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. Research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, the director owned 65,781 shares in the company, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares in the company, valued at approximately $596,270.92. This represents a 14.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,010 shares of company stock valued at $242,102. 1.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TTWO. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a report on Monday, December 1st. UBS Group raised their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Wall Street Zen lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Zacks Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $273.11.

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.