University of Texas Texas AM Investment Management Co. Boosts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

University of Texas Texas AM Investment Management Co. boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,584 shares of the company’s stock after purchasing an additional 6,027 shares during the quarter. Take-Two Interactive Software comprises about 0.8% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 24th largest position. University of Texas Texas AM Investment Management Co.’s holdings in Take-Two Interactive Software were worth $3,978,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TTWO. Ninety One UK Ltd lifted its position in Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after buying an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Take-Two Interactive Software by 2,224.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after acquiring an additional 1,034,000 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after acquiring an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the period. Finally, Samlyn Capital LLC grew its holdings in Take-Two Interactive Software by 47.9% during the 2nd quarter. Samlyn Capital LLC now owns 1,205,897 shares of the company’s stock valued at $187,505,000 after purchasing an additional 390,810 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Morgan Stanley raised their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. 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 research report on Monday, August 12th. Benchmark lifted their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Bank of America restated a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $185.10.

Take-Two Interactive Software Stock Down 2.1 %

Take-Two Interactive Software stock opened at $150.48 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 $151.86 and a 200-day moving average price of $151.56. 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 $26.38 billion, a price-to-earnings ratio of -6.85, a PEG ratio of 4.45 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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 research analysts forecast that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The stock was 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 of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

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.