TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Holdings Lifted by Advisor Group Inc.

Advisor Group Inc. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) by 37.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,668 shares of the company’s stock after acquiring an additional 2,612 shares during the period. Advisor Group Inc.’s holdings in TAKE-TWO INTERACTIVE SOFTWARE were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TTWO. JPMorgan Chase & Co. lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 42.4% during the first quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock worth $349,137,000 after acquiring an additional 1,101,453 shares in the last quarter. Norges Bank bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth about $108,310,000. Bank of America Corp DE lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 89.6% during the fourth quarter. Bank of America Corp DE now owns 908,148 shares of the company’s stock worth $93,485,000 after acquiring an additional 429,293 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 76.8% during the fourth quarter. Eagle Asset Management Inc. now owns 782,171 shares of the company’s stock worth $80,516,000 after acquiring an additional 339,718 shares in the last quarter. Finally, FMR LLC lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 8.6% during the fourth quarter. FMR LLC now owns 3,871,977 shares of the company’s stock worth $398,581,000 after acquiring an additional 307,032 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

TTWO has been the topic of a number of research reports. Zacks Investment Research upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Friday, February 15th. Bank of America cut their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Stephens set a $110.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a report on Tuesday, March 26th. Finally, Buckingham Research cut their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $126.90.

NASDAQ:TTWO opened at $110.36 on Friday. The stock has a market capitalization of $12.42 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.37 and a beta of 0.83. 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 released its earnings results on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). The company had revenue of $488.40 million during the quarter, compared to analyst estimates of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. Research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.89 EPS for the current year.

In related news, CEO Strauss Zelnick sold 25,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $108.74, for a total value of $2,718,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 169,849 shares of company stock worth $16,344,296. 1.07% of the stock is owned by company insiders.

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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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