Hartz Capital Inc. Acquires Shares of 14,840 TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO)

Hartz Capital Inc. acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) in the first quarter, HoldingsChannel.com reports. The firm acquired 14,840 shares of the company’s stock, valued at approximately $1,400,000.

Other large investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 32.9% during the 4th quarter. LS Investment Advisors LLC now owns 4,473 shares of the company’s stock valued at $460,000 after purchasing an additional 1,108 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth approximately $3,436,000. Gables Capital Management Inc. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth approximately $288,000. Wakefield Asset Management LLLP bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth approximately $911,000. Finally, Retirement Systems of Alabama grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.4% in the first quarter. Retirement Systems of Alabama now owns 52,693 shares of the company’s stock worth $4,973,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

TTWO opened at $99.88 on Wednesday. The company has a market capitalization of $11.30 billion, a P/E ratio of 57.07, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $84.41 and a 12-month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $1.17. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. The firm’s revenue was up 139.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.15 EPS for the current year.

A number of analysts have recently commented on TTWO shares. Deutsche Bank started coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $130.00 price target for the company. Stephens set a $110.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Zacks Investment Research upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Friday, February 15th. Wedbush reduced their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $119.00 and set an “outperform” rating for the company in a research note on Wednesday, January 30th. Finally, MKM Partners reduced their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a “buy” rating for the company in a research note on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $131.12.

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 shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.07% of the company’s stock.

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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.

Further Reading: Put Option

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

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