Atria Wealth Solutions Inc. Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Posted by Defense World Staff on Sep 19th, 2023

Atria Wealth Solutions Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,963 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. boosted its position in Take-Two Interactive Software by 12.9% during the first quarter. Desjardins Global Asset Management Inc. now owns 5,166 shares of the company’s stock worth $616,000 after purchasing an additional 590 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Take-Two Interactive Software by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the company’s stock valued at $1,229,000 after acquiring an additional 100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Take-Two Interactive Software by 23.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,975 shares of the company’s stock valued at $236,000 after acquiring an additional 370 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Take-Two Interactive Software by 5.5% in the first quarter. NorthCrest Asset Manangement LLC now owns 2,805 shares of the company’s stock valued at $335,000 after acquiring an additional 145 shares in the last quarter. Finally, Avala Global LP purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $14,605,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Down 1.1 %

NASDAQ:TTWO opened at $141.33 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $144.68 and its two-hundred day moving average is $134.06. Take-Two Interactive Software, Inc. has a 52 week low of $90.00 and a 52 week high of $153.84. The company has a market cap of $24.00 billion, a PE ratio of -19.39, a P/E/G ratio of 2.62 and a beta of 0.69.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Take-Two Interactive Software had a positive return on equity of 3.04% and a negative net margin of 22.17%. On average, analysts predict that Take-Two Interactive Software, Inc. will post 1.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTWO. Oppenheimer restated an “outperform” rating and issued a $157.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Truist Financial reiterated a “buy” rating and issued a $158.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 16th. JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $148.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday, August 9th. HSBC began coverage on Take-Two Interactive Software in a research note on Tuesday, July 25th. They issued a “buy” rating and a $170.00 target price for the company. Finally, Credit Suisse Group upped their target price on Take-Two Interactive Software from $128.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.76.

Get Our Latest Analysis on Take-Two Interactive Software

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.