DNB Asset Management AS cut its stake in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,054 shares of the company’s stock after selling 624 shares during the quarter. DNB Asset Management AS’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Pacer Advisors Inc. acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth approximately $2,437,000. We Are One Seven LLC boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 106.4% in the first quarter. We Are One Seven LLC now owns 3,783 shares of the company’s stock valued at $357,000 after acquiring an additional 1,950 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 6.7% during the first quarter. State of Alaska Department of Revenue now owns 21,141 shares of the company’s stock worth $1,993,000 after purchasing an additional 1,326 shares in the last quarter. Private Capital Advisors Inc. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth $384,000. Finally, Huntington National Bank boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 1,416.7% during the first quarter. Huntington National Bank now owns 1,547 shares of the company’s stock worth $146,000 after purchasing an additional 1,445 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.
In other news, CEO Strauss Zelnick sold 144,614 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.07% of the company’s stock.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, February 6th. The company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $1.17. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. The business’s quarterly revenue was up 139.9% compared to the same quarter last year. During the same period last year, the firm earned $1.12 earnings per share. As a group, equities analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.15 EPS for the current year.
A number of brokerages recently commented on TTWO. Deutsche Bank started coverage on shares of 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 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Tuesday, March 26th. Zacks Investment Research raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Friday, February 15th. Wedbush reaffirmed an “outperform” rating and set a $119.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Thursday, February 7th. Finally, MKM Partners cut their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a “buy” rating for the company in a report on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE presently has a consensus rating of “Buy” and a consensus price target of $131.12.
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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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