Federated Hermes Inc. increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,968 shares of the company’s stock after acquiring an additional 2,795 shares during the period. Federated Hermes Inc.’s holdings in Take-Two Interactive Software were worth $9,182,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in TTWO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Take-Two Interactive Software by 6.7% in 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 acquiring an additional 971 shares during the last quarter. Yousif Capital Management LLC raised its holdings 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 worth $2,585,000 after acquiring an additional 300 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Take-Two Interactive Software in the 1st quarter worth about $206,000. Dimensional Fund Advisors LP raised its holdings 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 worth $78,757,000 after acquiring an additional 5,382 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in 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 buying an additional 1,289 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.
Insider Buying and Selling at Take-Two Interactive Software
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 6,251 shares of the company’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 value of $861,887.88. Following the completion of the transaction, the insider now owns 132,296 shares of the company’s stock, valued at approximately $18,240,972.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Daniel P. Emerson sold 6,251 shares of the company’s stock in a transaction dated 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 owns 132,296 shares of the company’s stock, valued at $18,240,972.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 247 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 62,935 shares of the company’s stock, valued at $8,632,164.60. The disclosure for this sale can be found here. Insiders sold a total of 16,035 shares of company stock valued at $2,208,725 in the last ninety days. Company insiders own 1.37% of the company’s stock.
Take-Two Interactive Software Price Performance
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last announced 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). 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 positive return on equity of 3.04% and a negative net margin of 22.17%. The firm’s revenue was up 64.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 1.55 EPS for the current fiscal year.
Wall Street Analyst Weigh In
TTWO has been the subject of several analyst reports. Wedbush raised their price target on shares of Take-Two Interactive Software from $130.00 to $154.00 in a report on Thursday, May 18th. StockNews.com assumed coverage on shares of Take-Two Interactive Software in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Truist Financial lifted their target price on shares of Take-Two Interactive Software from $140.00 to $158.00 in a research note on Friday, May 19th. Bank of America lifted their target price on shares of Take-Two Interactive Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, BMO Capital Markets boosted their price objective on shares of Take-Two Interactive Software from $130.00 to $160.00 in a report on Monday, May 22nd. One 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. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $147.68.
Get Our Latest Stock Report on Take-Two Interactive Software
Take-Two Interactive Software Profile
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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