Linden Thomas Advisory Services LLC Has $622,000 Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Posted by Defense World Staff on Jul 11th, 2023

Linden Thomas Advisory Services LLC increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,210 shares of the company’s stock after purchasing an additional 158 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Take-Two Interactive Software were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. Louisiana State Employees Retirement System boosted its stake in shares of Take-Two Interactive Software by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the company’s stock valued at $1,229,000 after buying an additional 100 shares during the period. Avala Global LP acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $14,605,000. Dimensional Fund Advisors LP boosted its stake in shares of Take-Two Interactive Software by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 912,536 shares of the company’s stock valued at $94,999,000 after buying an additional 39,878 shares during the period. Tobam boosted its stake in shares of Take-Two Interactive Software by 111.3% during the 4th quarter. Tobam now owns 271,462 shares of the company’s stock valued at $28,267,000 after buying an additional 143,002 shares during the period. Finally, Commerce Bank boosted its stake in shares of Take-Two Interactive Software by 12.4% during the 4th quarter. Commerce Bank now owns 34,759 shares of the company’s stock valued at $3,619,000 after buying an additional 3,834 shares during the period. Institutional investors and hedge funds own 90.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TTWO shares. Robert W. Baird lifted their price objective on shares of Take-Two Interactive Software from $120.00 to $155.00 in a research note on Thursday, May 18th. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Take-Two Interactive Software in a research note on Thursday, May 18th. 92 Resources reaffirmed a “maintains” rating on shares of Take-Two Interactive Software in a research note on Thursday, May 18th. BMO Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $130.00 to $160.00 in a research note on Monday, May 22nd. Finally, Wedbush lifted their price objective on shares of Take-Two Interactive Software from $130.00 to $154.00 in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.92.

Insider Activity

In other news, President Karl Slatoff sold 68,351 shares of Take-Two Interactive Software stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $122.12, for a total transaction of $8,347,024.12. Following the sale, the president now directly owns 262,678 shares in the company, valued at approximately $32,078,237.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Michael Sheresky sold 247 shares of Take-Two Interactive Software stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $137.16, for a total transaction of $33,878.52. Following the sale, the director now directly owns 62,935 shares in the company, valued at approximately $8,632,164.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Karl Slatoff sold 68,351 shares of the business’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $122.12, for a total transaction of $8,347,024.12. Following the completion of the transaction, the president now owns 262,678 shares in the company, valued at $32,078,237.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,386 shares of company stock worth $10,555,749. Corporate insiders own 1.13% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $143.94 on Tuesday. The firm’s 50-day moving average is $135.94 and its 200-day moving average is $121.23. Take-Two Interactive Software, Inc. has a 52-week low of $90.00 and a 52-week high of $149.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $24.37 billion, a price-to-earnings ratio of -21.07, a PEG ratio of 9.21 and a beta of 0.69.

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

Take-Two Interactive Software Profile

(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.