QS Investors LLC Buys 1,300 Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

QS Investors LLC grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 62.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,371 shares of the company’s stock after purchasing an additional 1,300 shares during the period. QS Investors LLC’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lavaca Capital LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at about $25,000. Synovus Financial Corp increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 381.5% during the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock valued at $27,000 after acquiring an additional 206 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 348.4% during the 4th quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock valued at $29,000 after acquiring an additional 216 shares during the last quarter. Kistler Tiffany Companies LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at about $31,000. Finally, Optimum Investment Advisors increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 211.1% during the 4th quarter. Optimum Investment Advisors now owns 500 shares of the company’s stock valued at $51,000 after acquiring an additional 950 shares during the last quarter. 96.56% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $94.05, for a total transaction of $13,600,946.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.07% of the stock is owned by company insiders.

TTWO has been the topic of a number of analyst reports. Deutsche Bank initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, January 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Stephens set a $110.00 target price on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Tuesday, March 26th. Zacks Investment Research upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Friday, February 15th. Wedbush restated an “outperform” rating and set a $119.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Thursday, February 7th. Finally, MKM Partners decreased their target price on TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a “buy” rating for the company in a research note on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE currently has a consensus rating of “Buy” and a consensus price target of $133.52.

Shares of TAKE-TWO INTERACTIVE SOFTWARE stock traded down $1.46 during midday trading on Monday, hitting $92.65. 1,905,403 shares of the company were exchanged, compared to its average volume of 2,877,967. The company has a market capitalization of $10.80 billion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 52 week low of $84.41 and a 52 week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Wednesday, February 6th. The company reported $3.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $1.17. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.92% and a net margin of 14.26%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 139.9% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS. On average, sell-side analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.15 EPS for the current year.

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About TAKE-TWO INTERACTIVE SOFTWARE

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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