Take-Two Interactive Software, Inc. $TTWO Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 95.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,200 shares of the company’s stock after purchasing an additional 50,266 shares during the quarter. CIBC Asset Management Inc owned about 0.06% of Take-Two Interactive Software worth $26,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TTWO. ORG Partners LLC boosted its stake in Take-Two Interactive Software by 115.7% during the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 59 shares in the last quarter. Blue Trust Inc. raised its position in Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 53 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $27,000. Pinnacle Bancorp Inc. bought a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at about $29,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $34,000. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Benchmark boosted their target price on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. BMO Capital Markets increased their price objective 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. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Finally, UBS Group lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report 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 company. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.68.

Insider Buying and Selling

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

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $245.73 on Monday. The company’s fifty day moving average is $246.45 and its two-hundred day moving average is $243.66. The company has a market cap of $45.41 billion, a P/E ratio of -10.88, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 12-month low of $181.86 and a 12-month high of $264.79. 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 issued its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.Take-Two Interactive Software’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.08) earnings per share. Equities analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

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.