Metropolitan Life Insurance Co. NY boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 156.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,678 shares of the company’s stock after buying an additional 90,800 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.16% of Take-Two Interactive Software worth $8,812,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of TTWO. Fifth Third Bancorp raised its stake in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the first quarter valued at $114,000. Neuburgh Advisers LLC raised its stake in Take-Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock valued at $176,000 after buying an additional 560 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in Take-Two Interactive Software during the first quarter valued at $206,000. Finally, Thompson Investment Management Inc. purchased a new stake in Take-Two Interactive Software during the first quarter valued at $233,000.
Shares of Take-Two Interactive Software, Inc. (TTWO) traded down 1.35% during midday trading on Tuesday, reaching $73.10. 1,805,478 shares of the company’s stock were exchanged. The stock has a market cap of $7.19 billion, a PE ratio of 102.24 and a beta of 0.66. The company’s 50 day moving average is $71.92 and its 200-day moving average is $59.62. Take-Two Interactive Software, Inc. has a 12 month low of $35.00 and a 12 month high of $80.54.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The firm had revenue of $407.20 million during the quarter, compared to the consensus estimate of $354.10 million. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Equities analysts forecast that Take-Two Interactive Software, Inc. will post $1.68 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Take-Two Interactive Software in a report on Thursday, May 25th. Hilliard Lyons lowered shares of Take-Two Interactive Software from a “neutral” rating to an “underperform” rating in a report on Friday, June 2nd. Finally, MKM Partners reaffirmed a “buy” rating and issued a $80.00 target price (up previously from $63.00) on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.41.
In other Take-Two Interactive Software news, VP Daniel P. Emerson sold 18,440 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $76.21, for a total transaction of $1,405,312.40. Following the completion of the transaction, the vice president now owns 135,088 shares of the company’s stock, valued at $10,295,056.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 387,237 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $57.98, for a total value of $22,452,001.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 447,077 shares of company stock valued at $27,096,616. Insiders own 2.50% of the company’s stock.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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