Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stake Raised by NorthCrest Asset Manangement LLC

Posted by on Jul 13th, 2023

NorthCrest Asset Manangement LLC increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,805 shares of the company’s stock after acquiring an additional 145 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Take-Two Interactive Software were worth $335,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TTWO. Massmutual Trust Co. FSB ADV increased its position in Take-Two Interactive Software by 82.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 236 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Money Concepts Capital Corp increased its position in Take-Two Interactive Software by 73.2% in the 4th quarter. Money Concepts Capital Corp now owns 284 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in Take-Two Interactive Software in the 4th quarter worth about $37,000. Harbour Investments Inc. increased its position in Take-Two Interactive Software by 60.7% in the 4th quarter. Harbour Investments Inc. now owns 376 shares of the company’s stock worth $39,000 after purchasing an additional 142 shares during the last quarter. Finally, Heritage Wealth Advisors increased its position in Take-Two Interactive Software by 257.4% in the 4th quarter. Heritage Wealth Advisors now owns 386 shares of the company’s stock worth $40,000 after purchasing an additional 278 shares during the last quarter. 90.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TTWO. Truist Financial upped their target price on Take-Two Interactive Software from $140.00 to $158.00 in a research report on Friday, May 19th. Stifel Nicolaus increased their price objective on Take-Two Interactive Software from $150.00 to $165.00 in a report on Thursday, May 18th. BMO Capital Markets increased their price objective on Take-Two Interactive Software from $130.00 to $160.00 in a report on Monday, May 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Take-Two Interactive Software from $120.00 to $155.00 in a report on Friday, June 2nd. Finally, BNP Paribas lowered Take-Two Interactive Software from an “outperform” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.92.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 6,251 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 132,296 shares in the company, valued at approximately $18,240,972.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael Sheresky sold 247 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $137.16, for a total transaction of $33,878.52. Following the completion of the sale, the director now directly owns 62,935 shares of the company’s stock, valued at approximately $8,632,164.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 6,251 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $137.88, for a total value of $861,887.88. Following the sale, the insider now directly owns 132,296 shares of the company’s stock, valued at $18,240,972.48. The disclosure for this sale can be found here. Insiders sold 16,035 shares of company stock worth $2,208,725 in the last 90 days. 1.13% of the stock is owned by company insiders.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $149.92 on Thursday. The stock has a 50 day moving average of $137.08 and a two-hundred day moving average of $121.78. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.19. Take-Two Interactive Software, Inc. has a 12 month low of $90.00 and a 12 month high of $151.63. The company has a market capitalization of $25.39 billion, a P/E ratio of -21.95, a P/E/G ratio of 9.69 and a beta of 0.69.

Take-Two Interactive Software (NASDAQ:TTWO – Get 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). Take-Two Interactive Software had a positive return on equity of 3.52% and a negative net margin of 21.02%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $0.87 EPS. Take-Two Interactive Software’s revenue was up 64.7% compared to the same quarter last year. As a group, equities analysts expect that Take-Two Interactive Software, Inc. will post 1.56 EPS for the current year.

Take-Two Interactive Software Company 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.

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

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