Harbour Capital Advisors LLC Acquires 1,615,360 Shares of Take-Two Interactive Software, Inc. (TTWO)

Harbour Capital Advisors LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7,304.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,637,475 shares of the company’s stock after buying an additional 1,615,360 shares during the period. Harbour Capital Advisors LLC owned 1.66% of Take-Two Interactive Software worth $22,315,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. ProShare Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 17.7% in the first quarter. ProShare Advisors LLC now owns 18,390 shares of the company’s stock valued at $1,090,000 after buying an additional 2,764 shares during the period. Profund Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 0.3% in the first quarter. Profund Advisors LLC now owns 16,831 shares of the company’s stock valued at $998,000 after buying an additional 45 shares during the period. Magee Thomson Investment Partners LLC acquired a new stake in shares of Take-Two Interactive Software during the first quarter valued at approximately $5,304,000. Nationwide Fund Advisors boosted its stake in shares of Take-Two Interactive Software by 72.3% in the first quarter. Nationwide Fund Advisors now owns 554,187 shares of the company’s stock valued at $32,847,000 after buying an additional 232,630 shares during the period. Finally, Navellier & Associates Inc boosted its stake in shares of Take-Two Interactive Software by 5.3% in the first quarter. Navellier & Associates Inc now owns 11,566 shares of the company’s stock valued at $686,000 after buying an additional 578 shares during the period. 95.60% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software, Inc. (NASDAQ TTWO) traded up 1.24% during trading on Friday, hitting $92.07. The stock had a trading volume of 1,174,045 shares. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 54.35 and a beta of 0.83. Take-Two Interactive Software, Inc. has a 12-month low of $40.63 and a 12-month high of $93.09. The stock has a 50 day moving average price of $81.73 and a 200 day moving average price of $68.44.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $280.70 million. During the same period last year, the business posted ($0.21) EPS. Take-Two Interactive Software’s revenue was up 27.8% on a year-over-year basis. Equities research analysts forecast that Take-Two Interactive Software, Inc. will post $2.16 earnings per share for the current year.

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Several analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $96.00 target price (up previously from $87.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Macquarie reaffirmed an “outperform” rating and issued a $99.00 target price (up previously from $82.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. MKM Partners reaffirmed a “buy” rating and issued a $97.00 target price (up previously from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Benchmark Co. reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $85.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $73.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Take-Two Interactive Software currently has an average rating of “Buy” and an average price target of $85.22.

In related news, Director Michael Sheresky sold 516 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $39,566.88. Following the completion of the sale, the director now directly owns 67,733 shares in the company, valued at approximately $5,193,766.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Strauss Zelnick sold 35,000 shares of the firm’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 disclosure for this sale can be found here. Insiders sold a total of 147,305 shares of company stock valued at $12,321,946 over the last quarter. 1.55% of the stock is currently owned by company 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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