Federated Hermes Inc. Boosts Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Federated Hermes Inc. boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,369 shares of the company’s stock after acquiring an additional 3,487 shares during the quarter. Federated Hermes Inc.’s holdings in Take-Two Interactive Software were worth $7,785,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TTWO. Cary Street Partners Investment Advisory LLC boosted its holdings in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after acquiring an additional 93 shares during the period. CVA Family Office LLC purchased a new position in Take-Two Interactive Software during the 4th quarter valued at $25,000. NBC Securities Inc. purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at $27,000. BluePath Capital Management LLC purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at $30,000. Finally, Whittier Trust Co. purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 260 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Take-Two Interactive Software in a research report on Monday, April 1st. They set a “buy” rating and a $195.00 target price for the company. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the company from $170.00 to $200.00 in a research report on Monday, April 8th. Wedbush reaffirmed an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, April 17th. BMO Capital Markets assumed coverage on Take-Two Interactive Software in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.61.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $142.83 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $147.78 and its two-hundred day simple moving average is $152.21. Take-Two Interactive Software, Inc. has a fifty-two week low of $119.57 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current 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.