Allstate Corp Purchases Shares of 7,378 Take-Two Interactive Software, Inc. $TTWO

Allstate Corp purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,378 shares of the company’s stock, valued at approximately $1,906,000.

A number of other institutional investors also recently bought and sold shares of TTWO. Private Trust Co. NA boosted its position in Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares in the last quarter. Miracle Mile Advisors LLC grew its position in Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock worth $1,996,000 after acquiring an additional 39 shares during the period. Mather Group LLC. boosted its stake in Take-Two Interactive Software by 2.7% during the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after buying an additional 39 shares during the period. Blue Trust Inc. lifted its stake in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares in the last quarter. Finally, STF Management LP increased its stake in Take-Two Interactive Software by 1.8% during the second quarter. STF Management LP now owns 2,616 shares of the company’s stock worth $635,000 after purchasing an additional 46 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $277.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Benchmark boosted their target price on Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 16th. UBS Group cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. B. Riley assumed coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.68.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $240.61 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. Take-Two Interactive Software, Inc. has a twelve month low of $179.61 and a twelve month high of $264.79. The firm has a fifty day simple moving average of $246.21 and a 200-day simple moving average of $243.66. The company has a market capitalization of $44.46 billion, a PE ratio of -10.65, a price-to-earnings-growth ratio of 3.49 and a beta of 0.92.

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

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the business’s 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 sale, the director owned 2,429 shares in the company, valued at $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Sheresky sold 182 shares of the 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 sale, the director owned 65,781 shares in the company, valued at $15,465,770.91. The trade was 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 1,010 shares of company stock worth $242,102 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software 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.