Prudential Financial Inc. decreased its stake in Take-Two Interactive Software Inc. (NASDAQ:TTWO) by 32.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,172 shares of the company’s stock after selling 103,940 shares during the period. Prudential Financial Inc. owned about 0.26% of Take-Two Interactive Software worth $8,235,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its stake in Take-Two Interactive Software by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 11,820 shares of the company’s stock valued at $448,000 after buying an additional 1,433 shares during the last quarter. Affinity Investment Advisors LLC acquired a new stake in Take-Two Interactive Software during the second quarter valued at $291,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Take-Two Interactive Software during the second quarter valued at $20,001,000. Oxford Asset Management acquired a new stake in Take-Two Interactive Software during the second quarter valued at $3,102,000. Finally, HAP Trading LLC acquired a new stake in Take-Two Interactive Software during the second quarter valued at $590,000.
Shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) traded down 1.76% on Friday, reaching $44.69. The company had a trading volume of 1,499,797 shares. Take-Two Interactive Software Inc. has a 12 month low of $29.71 and a 12 month high of $46.78. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 186.21 and a beta of 1.12. The stock has a 50 day moving average price of $44.27 and a 200-day moving average price of $39.53.
Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. Take-Two Interactive Software had a return on equity of 20.92% and a net margin of 1.39%. The company had revenue of $311.60 million for the quarter, compared to the consensus estimate of $258.46 million. During the same quarter last year, the business posted $0.31 EPS. Take-Two Interactive Software’s quarterly revenue was down 25.6% compared to the same quarter last year. Analysts forecast that Take-Two Interactive Software Inc. will post $1.22 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. Benchmark Co. boosted their target price on Take-Two Interactive Software from $45.92 to $51.79 and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Cowen and Company reiterated an “outperform” rating and issued a $45.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, August 23rd. Jefferies Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, August 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $48.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.54.
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $41.17, for a total transaction of $2,058,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.50% of the company’s stock.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.