Summit Global Investments Invests $236,000 in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Posted by Defense World Staff on Oct 2nd, 2023

Summit Global Investments purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,606 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTWO. Patriot Financial Group Insurance Agency LLC lifted its holdings in Take-Two Interactive Software by 10.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,550 shares of the company’s stock worth $1,258,000 after buying an additional 833 shares during the last quarter. New Mexico Educational Retirement Board raised its position in shares of Take-Two Interactive Software by 6.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 7,750 shares of the company’s stock worth $1,140,000 after purchasing an additional 500 shares during the period. Bartlett & Co. LLC raised its position in shares of Take-Two Interactive Software by 7,878.0% during the 2nd quarter. Bartlett & Co. LLC now owns 3,271 shares of the company’s stock worth $481,000 after purchasing an additional 3,230 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Take-Two Interactive Software by 3,995.0% during the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 130,507 shares of the company’s stock worth $19,205,000 after purchasing an additional 127,320 shares during the period. Finally, Drive Wealth Management LLC acquired a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 89.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America increased their price target on Take-Two Interactive Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Morgan Stanley raised their target price on Take-Two Interactive Software from $158.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 9th. UBS Group raised their target price on Take-Two Interactive Software from $130.00 to $151.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. HSBC initiated coverage on Take-Two Interactive Software in a research report on Tuesday, July 25th. They issued a “buy” rating and a $170.00 target price on the stock. Finally, Roth Mkm restated a “buy” rating and issued a $160.00 target price on shares of Take-Two Interactive Software in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.15.

View Our Latest Analysis on Take-Two Interactive Software

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $140.39 on Monday. Take-Two Interactive Software, Inc. has a one year low of $90.00 and a one year high of $153.84. The stock’s 50 day simple moving average is $142.55 and its 200 day simple moving average is $135.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.02) earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 1.66 EPS for the current fiscal 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.