Candriam Luxembourg S.C.A. Invests $3.51 Million in Take-Two Interactive Software, Inc. (TTWO)

Candriam Luxembourg S.C.A. acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 47,761 shares of the company’s stock, valued at approximately $3,505,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Glen Harbor Capital Management LLC increased its stake in Take-Two Interactive Software by 23.2% in the first quarter. Glen Harbor Capital Management LLC now owns 4,092 shares of the company’s stock worth $243,000 after buying an additional 770 shares during the last quarter. Northpointe Capital LLC purchased a new position in Take-Two Interactive Software during the first quarter worth about $2,812,000. ProShare Advisors LLC boosted its position in Take-Two Interactive Software by 17.7% in the first quarter. ProShare Advisors LLC now owns 18,390 shares of the company’s stock worth $1,090,000 after buying an additional 2,764 shares during the period. Profund Advisors LLC boosted its position in Take-Two Interactive Software by 0.3% in the first quarter. Profund Advisors LLC now owns 16,831 shares of the company’s stock worth $998,000 after buying an additional 45 shares during the period. Finally, Magee Thomson Investment Partners LLC purchased a new position in Take-Two Interactive Software during the first quarter worth about $5,304,000. 95.60% of the stock is currently owned by institutional investors.

Shares of Take-Two Interactive Software, Inc. (TTWO) traded up 1.24% during midday trading on Friday, hitting $92.07. 1,174,045 shares of the stock were exchanged. Take-Two Interactive Software, Inc. has a 1-year low of $40.63 and a 1-year high of $93.09. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 54.35 and a beta of 0.83. The firm’s 50 day moving average is $81.73 and its 200-day moving average is $68.44.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The business had revenue of $348.30 million for the quarter, compared to analysts’ expectations of $280.70 million. During the same period in the previous year, the company earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, analysts predict that Take-Two Interactive Software, Inc. will post $2.16 EPS for the current year.

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Several research firms recently weighed in on TTWO. MKM Partners restated a “buy” rating and issued a $97.00 price objective (up previously from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Macquarie reaffirmed an “outperform” rating and set a $99.00 target price (up previously from $82.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $108.00 target price (up previously from $91.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Benchmark Co. reaffirmed a “buy” rating and set a $100.00 target price (up previously from $85.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Take-Two Interactive Software has a consensus rating of “Buy” and an average target price of $85.22.

In related news, CEO Strauss Zelnick sold 35,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $78.53, for a total transaction of $2,748,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the transaction, the director now owns 69,006 shares in the company, valued at $6,207,779.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,305 shares of company stock worth $12,321,946. 1.55% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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