Mediolanum International Funds Ltd Buys New Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Mediolanum International Funds Ltd bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 1st quarter, HoldingsChannel reports. The fund bought 43,128 shares of the company’s stock, valued at approximately $6,336,000.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Take-Two Interactive Software by 192.4% in the 3rd quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock valued at $8,811,000 after acquiring an additional 41,297 shares during the period. United Asset Strategies Inc. acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $1,527,000. TD Asset Management Inc increased its position in Take-Two Interactive Software by 269.8% in the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after acquiring an additional 361,273 shares during the period. Rheos Capital Works Inc. increased its position in Take-Two Interactive Software by 380.3% in the 4th quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock valued at $38,419,000 after acquiring an additional 189,000 shares during the period. Finally, Secured Retirement Advisors LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $953,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Down 0.4 %

Shares of Take-Two Interactive Software stock traded down $0.53 during midday trading on Wednesday, hitting $148.83. The company’s stock had a trading volume of 1,799,152 shares, compared to its average volume of 1,660,493. The firm has a market capitalization of $25.51 billion, a P/E ratio of -6.80, a PEG ratio of 4.92 and a beta of 0.84. The stock has a 50-day simple moving average of $154.20 and a 200-day simple moving average of $153.78. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. 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 announced its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. Take-Two Interactive Software’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Take-Two Interactive Software, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TTWO shares. Oppenheimer reiterated an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. Roth Mkm lowered their price target on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price target for the company from $170.00 to $200.00 in a research report on Monday, April 8th. HSBC cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price target on the stock. in a research report on Friday, May 17th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Take-Two Interactive Software in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $178.09.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the transaction, the director now directly owns 64,173 shares in the company, valued at $10,724,591.76. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the transaction, the director now directly owns 21,981 shares in the company, valued at $3,324,626.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the transaction, the director now owns 64,173 shares in the company, valued at $10,724,591.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,569 shares of company stock worth $13,909,565. 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.