Mercer Global Advisors Inc. ADV Grows Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Mercer Global Advisors Inc. ADV boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,722 shares of the company’s stock after acquiring an additional 1,239 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Take-Two Interactive Software were worth $1,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. ORG Partners LLC grew its stake in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after acquiring an additional 166 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in shares of Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after buying an additional 136 shares during the period. Crewe Advisors LLC grew its stake in shares of Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 143 shares during the period. Connectus Wealth LLC grew its stake in shares of Take-Two Interactive Software by 903.8% during the 4th quarter. Connectus Wealth LLC now owns 192,484 shares of the company’s stock valued at $31,000 after buying an additional 173,308 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Take-Two Interactive Software by 155.1% during the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $150.90 on Wednesday. The firm has a market cap of $25.86 billion, a PE ratio of -6.87, a price-to-earnings-growth ratio of 4.43 and a beta of 0.86. The firm’s 50-day simple moving average is $151.71 and its 200-day simple moving average is $151.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59.

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

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TTWO shares. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. BMO Capital Markets reissued an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Monday, August 12th. Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.