Lombard Odier Asset Management USA Corp Makes New $497,000 Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Lombard Odier Asset Management USA Corp bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,195 shares of the company’s stock, valued at approximately $497,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after buying an additional 156,563 shares during the period. Capital World Investors lifted its holdings in shares of Take-Two Interactive Software by 2.1% in the 1st quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock worth $1,075,142,000 after acquiring an additional 151,135 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Take-Two Interactive Software by 4.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock worth $737,684,000 after purchasing an additional 192,774 shares during the period. Boston Partners increased its holdings in Take-Two Interactive Software by 1.8% in the 1st quarter. Boston Partners now owns 2,697,648 shares of the company’s stock valued at $400,379,000 after purchasing an additional 48,909 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Take-Two Interactive Software by 14.5% in the first quarter. Bessemer Group Inc. now owns 2,003,052 shares of the company’s stock valued at $297,434,000 after purchasing an additional 254,391 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.37% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $148.78 on Monday. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of -6.77, a PEG ratio of 4.43 and a beta of 0.86. The stock’s 50-day moving average is $151.85 and its two-hundred day moving average is $151.22.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. Analysts predict that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on TTWO shares. Stifel Nicolaus raised their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. BMO Capital Markets reiterated an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Bank of America reissued a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Finally, Wedbush restated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.55.

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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.