iA Global Asset Management Inc. Has $14.08 Million Position in Take-Two Interactive Software, Inc. $TTWO

iA Global Asset Management Inc. decreased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,509 shares of the company’s stock after selling 3,600 shares during the quarter. iA Global Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $14,083,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTWO. Emerald Mutual Fund Advisers Trust raised its position in Take-Two Interactive Software by 25.6% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 799 shares of the company’s stock worth $206,000 after purchasing an additional 163 shares in the last quarter. Bailard Inc. bought a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $2,958,000. Rakuten Investment Management Inc. bought a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $10,948,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Take-Two Interactive Software by 4.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,307 shares of the company’s stock worth $47,618,000 after buying an additional 7,550 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in shares of Take-Two Interactive Software by 39.2% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,271 shares of the company’s stock worth $587,000 after buying an additional 640 shares during the period. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction 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 transaction, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,010 shares of company stock valued at $242,102 over the last three months. Insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTWO. DA Davidson upped their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. B. Riley initiated coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price on the stock. TD Cowen reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, UBS Group cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $272.68.

Take-Two Interactive Software Stock Up 1.2%

Shares of NASDAQ:TTWO opened at $241.10 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. The firm has a market cap of $44.55 billion, a P/E ratio of -10.67, a P/E/G ratio of 3.80 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 12 month low of $179.61 and a 12 month high of $264.79. The company’s 50-day moving average price is $246.23 and its two-hundred day moving average price is $243.60.

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, topping analysts’ consensus estimates 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 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 business earned ($2.08) earnings per share. Take-Two Interactive Software’s quarterly revenue was up 33.3% on a year-over-year basis. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

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.