Sanctuary Advisors LLC Purchases Shares of 4,414 Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Sanctuary Advisors LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,414 shares of the company's stock, valued at approximately $638,000.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in Take-Two Interactive Software by 3.5% during the first quarter. Nordea Investment Management AB now owns 731,045 shares of the company's stock worth $109,182,000 after purchasing an additional 24,723 shares during the period. QRG Capital Management Inc. lifted its holdings in Take-Two Interactive Software by 169.7% during the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company's stock worth $2,142,000 after buying an additional 9,076 shares in the last quarter. Wellington Management Group LLP boosted its position in Take-Two Interactive Software by 421.0% in the 4th quarter. Wellington Management Group LLP now owns 327,006 shares of the company's stock valued at $52,632,000 after buying an additional 264,244 shares during the period. SteelPeak Wealth LLC grew its stake in shares of Take-Two Interactive Software by 127.4% in the first quarter. SteelPeak Wealth LLC now owns 13,788 shares of the company's stock worth $2,047,000 after acquiring an additional 7,725 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Take-Two Interactive Software by 26.4% during the fourth quarter. American International Group Inc. now owns 59,512 shares of the company's stock worth $9,578,000 after acquiring an additional 12,442 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TTWO. Hsbc Global Res raised Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Bank of America reaffirmed a "buy" rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Redburn Atlantic started coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a "buy" rating and a $194.00 price target for the company. Jefferies Financial Group increased their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $185.85.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares of the company's stock, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock traded up $0.62 on Tuesday, reaching $156.05. 1,310,160 shares of the stock were exchanged, compared to its average volume of 1,617,177. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $27.35 billion, a PE ratio of -6.98, a PEG ratio of 4.46 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The business has a fifty day moving average price of $152.64 and a two-hundred day moving average price of $151.86.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts' consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.24 billion. As a group, research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current fiscal year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.