Pacer Advisors Inc. Acquires 731 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Pacer Advisors Inc. boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,020 shares of the company’s stock after purchasing an additional 731 shares during the quarter. Pacer Advisors Inc.’s holdings in Take-Two Interactive Software were worth $3,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTWO. Corient Private Wealth LLC grew its stake in Take-Two Interactive Software by 1.6% during the fourth quarter. Corient Private Wealth LLC now owns 26,551 shares of the company’s stock valued at $4,273,000 after acquiring an additional 428 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Take-Two Interactive Software by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 12,039 shares of the company’s stock valued at $1,938,000 after purchasing an additional 275 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Take-Two Interactive Software by 134.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,184 shares of the company’s stock worth $2,927,000 after purchasing an additional 10,418 shares during the last quarter. US Bancorp DE lifted its position in shares of Take-Two Interactive Software by 7.5% in the fourth quarter. US Bancorp DE now owns 28,992 shares of the company’s stock worth $4,666,000 after buying an additional 2,024 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $458,000. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTWO. HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a report on Monday, August 12th. Wedbush reiterated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. BMO Capital Markets restated an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Redburn Atlantic assumed coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.55.

Insider Buying and Selling at Take-Two Interactive Software

In other 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 transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Up 0.8 %

Take-Two Interactive Software stock opened at $150.90 on Wednesday. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The business has a fifty day moving average price of $151.71 and a 200-day moving average price of $151.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $25.86 billion, a price-to-earnings ratio of -6.87, a PEG ratio of 4.43 and a beta of 0.86.

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

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.