Amalgamated Bank Grows Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Amalgamated Bank grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 0.3% in the third quarter, HoldingsChannel.com reports. The firm owned 41,465 shares of the company’s stock after buying an additional 114 shares during the quarter. Amalgamated Bank’s holdings in Take-Two Interactive Software were worth $5,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital World Investors bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth approximately $513,164,000. Norges Bank purchased a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $205,528,000. Boston Partners lifted its holdings in shares of Take-Two Interactive Software by 67.9% during the 2nd quarter. Boston Partners now owns 2,617,935 shares of the company’s stock valued at $385,045,000 after buying an additional 1,059,099 shares during the period. Capital International Investors grew its holdings in shares of Take-Two Interactive Software by 10.3% in the second quarter. Capital International Investors now owns 9,966,225 shares of the company’s stock worth $1,466,416,000 after acquiring an additional 929,148 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in Take-Two Interactive Software by 461.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 974,880 shares of the company’s stock valued at $101,514,000 after acquiring an additional 801,214 shares during the period. Institutional investors own 89.95% of the company’s stock.

Take-Two Interactive Software Stock Up 1.6 %

TTWO opened at $166.67 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $161.09 and its two-hundred day moving average is $149.60. Take-Two Interactive Software, Inc. has a 52 week low of $106.31 and a 52 week high of $169.56.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last posted its earnings results on Wednesday, November 8th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($4.22). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Take-Two Interactive Software had a negative net margin of 27.83% and a positive return on equity of 3.32%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. As a group, analysts predict that Take-Two Interactive Software, Inc. will post 1.54 earnings per share for the current fiscal year.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 244 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $156.40, for a total transaction of $38,161.60. Following the completion of the transaction, the director now directly owns 63,905 shares of the company’s stock, valued at approximately $9,994,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael Sheresky sold 244 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $156.40, for a total value of $38,161.60. Following the completion of the transaction, the director now owns 63,905 shares of the company’s stock, valued at approximately $9,994,742. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Strauss Zelnick sold 8,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.15, for a total value of $1,257,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,488 shares of company stock worth $4,966,793. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTWO. Moffett Nathanson cut shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $169.00 to $167.00 in a research note on Monday. Roth Mkm upped their price objective on Take-Two Interactive Software from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Wolfe Research assumed coverage on Take-Two Interactive Software in a research report on Tuesday, December 12th. They set an “outperform” rating and a $186.00 target price for the company. Finally, Truist Financial dropped their price target on Take-Two Interactive Software from $158.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

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About Take-Two Interactive Software

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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