41,278 Shares in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Acquired by Proficio Capital Partners LLC

Posted by Defense World Staff on Jul 6th, 2023

Proficio Capital Partners LLC purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 41,278 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds have also recently added to or reduced their stakes in TTWO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Take-Two Interactive Software by 6.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,443 shares of the company’s stock worth $2,374,000 after buying an additional 971 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Take-Two Interactive Software by 1.8% in the 1st quarter. Yousif Capital Management LLC now owns 16,817 shares of the company’s stock valued at $2,585,000 after purchasing an additional 300 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Take-Two Interactive Software in the 1st quarter valued at approximately $206,000. Dimensional Fund Advisors LP grew its stake in shares of Take-Two Interactive Software by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 512,184 shares of the company’s stock valued at $78,757,000 after purchasing an additional 5,382 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Take-Two Interactive Software by 3.2% in the 1st quarter. Blair William & Co. IL now owns 41,602 shares of the company’s stock valued at $6,396,000 after purchasing an additional 1,289 shares during the last quarter. Hedge funds and other institutional investors own 90.56% of the company’s stock.

Insider Activity

In other news, Director Michael Sheresky sold 247 shares of Take-Two Interactive Software stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $137.16, for a total value of $33,878.52. Following the completion of the sale, the director now owns 62,935 shares of the company’s stock, valued at $8,632,164.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 6,251 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $137.88, for a total transaction of $861,887.88. Following the completion of the sale, the insider now owns 132,296 shares of the company’s stock, valued at $18,240,972.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Sheresky sold 247 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $137.16, for a total value of $33,878.52. Following the sale, the director now directly owns 62,935 shares of the company’s stock, valued at approximately $8,632,164.60. The disclosure for this sale can be found here. Insiders sold a total of 84,386 shares of company stock valued at $10,555,749 over the last quarter. Company insiders own 1.13% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $145.04 on Thursday. Take-Two Interactive Software, Inc. has a fifty-two week low of $90.00 and a fifty-two week high of $149.04. The business has a fifty day moving average of $134.79 and a 200-day moving average of $120.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.65 and a quick ratio of 0.65.

Take-Two Interactive Software (NASDAQ:TTWO – Free Report) last announced its quarterly earnings data on Wednesday, May 17th. The company reported ($3.62) EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($4.30). The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a negative net margin of 21.02% and a positive return on equity of 3.52%. Take-Two Interactive Software’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. Equities research analysts predict that Take-Two Interactive Software, Inc. will post 1.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TTWO shares. Bank of America lifted their target price on Take-Two Interactive Software from $135.00 to $146.00 in a research note on Thursday, May 18th. Morgan Stanley raised their price target on Take-Two Interactive Software from $145.00 to $158.00 in a report on Thursday, May 18th. Wedbush raised their price target on Take-Two Interactive Software from $130.00 to $154.00 in a report on Thursday, May 18th. 92 Resources reissued a “maintains” rating on shares of Take-Two Interactive Software in a report on Thursday, May 18th. Finally, Wells Fargo & Company raised their price target on Take-Two Interactive Software from $132.00 to $160.00 in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.92.

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.