Bailard Inc. Purchases Shares of 11,448 Take-Two Interactive Software, Inc. $TTWO

Bailard Inc. acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,448 shares of the company’s stock, valued at approximately $2,958,000.

Several other hedge funds and other institutional investors 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% during the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 53 shares during the period. ORG Partners LLC boosted 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 valued at $26,000 after acquiring an additional 59 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at $29,000. Twin Peaks Wealth Advisors LLC purchased a new position in Take-Two Interactive Software during the 2nd quarter valued at $27,000. Finally, Meeder Asset Management Inc. raised its holdings in Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. 95.46% of the stock is 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 company’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 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction on 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 owned 65,781 shares in the company, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,010 shares of company stock worth $242,102 in the last three months. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 1.0%

TTWO stock opened at $238.23 on Thursday. The business’s 50-day moving average price is $246.16 and its 200-day moving average price is $243.62. The stock has a market cap of $44.02 billion, a P/E ratio of -10.55, a PEG ratio of 3.84 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, Inc. has a twelve month low of $179.61 and a twelve month high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly 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 business had revenue of $1.77 billion during the quarter, compared to analyst estimates 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 revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the business posted ($2.08) earnings per share. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Take-Two Interactive Software from $277.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. DA Davidson raised their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Benchmark upped their target price on Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. B. Riley started coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price for the company. Finally, BMO Capital Markets lifted their price target on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.68.

About Take-Two Interactive Software

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.