Canada Pension Plan Investment Board Acquires 4,600 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Posted by Defense World Staff on Mar 1st, 2023

Canada Pension Plan Investment Board boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) by 114.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,607 shares of the company’s stock after buying an additional 4,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Take-Two Interactive Software were worth $938,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTWO. Vanguard Group Inc. grew its holdings in Take-Two Interactive Software by 1.0% in the first quarter. Vanguard Group Inc. now owns 12,458,920 shares of the company’s stock worth $1,915,435,000 after purchasing an additional 118,028 shares during the last quarter. State Street Corp grew its stake in Take-Two Interactive Software by 22.5% during the 2nd quarter. State Street Corp now owns 6,753,431 shares of the company’s stock valued at $827,430,000 after acquiring an additional 1,240,702 shares in the last quarter. Capital World Investors purchased a new stake in Take-Two Interactive Software during the 1st quarter valued at about $513,164,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Take-Two Interactive Software by 7.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,244,472 shares of the company’s stock worth $353,647,000 after acquiring an additional 231,556 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Take-Two Interactive Software by 2.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,127,771 shares of the company’s stock worth $260,716,000 after buying an additional 42,113 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Take-Two Interactive Software Trading Down 0.5 %

Take-Two Interactive Software stock opened at $109.55 on Wednesday. The firm’s 50 day moving average price is $107.74 and its two-hundred day moving average price is $111.86. The firm has a market cap of $18.48 billion, a price-to-earnings ratio of -48.47, a price-to-earnings-growth ratio of 3.20 and a beta of 0.72. Take-Two Interactive Software, Inc. has a 1 year low of $90.00 and a 1 year high of $164.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings results on Monday, February 6th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($1.79). The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. Take-Two Interactive Software had a negative net margin of 8.35% and a positive return on equity of 4.37%. Take-Two Interactive Software’s quarterly revenue was up 59.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. On average, research analysts predict that Take-Two Interactive Software, Inc. will post 2.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on TTWO shares. Citigroup began coverage on shares of Take-Two Interactive Software in a research report on Friday, December 9th. They set a “neutral” rating and a $105.00 price objective on the stock. Roth Mkm lowered their target price on shares of Take-Two Interactive Software from $140.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, February 7th. Morgan Stanley reduced their target price on shares of Take-Two Interactive Software from $150.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, November 28th. DZ Bank lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Tuesday, February 14th. Finally, KeyCorp cut their price target on shares of Take-Two Interactive Software from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $138.88.

Take-Two Interactive Software Company Profile

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Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.