Stephens Investment Management Group LLC Increases Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Stephens Investment Management Group LLC grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 547,911 shares of the company's stock after purchasing an additional 13,353 shares during the quarter. Take-Two Interactive Software makes up 1.1% of Stephens Investment Management Group LLC's portfolio, making the stock its 24th biggest position. Stephens Investment Management Group LLC owned 0.31% of Take-Two Interactive Software worth $84,219,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ninety One UK Ltd raised its stake in shares of Take-Two Interactive Software by 473.2% during the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company's stock worth $197,383,000 after acquiring an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Take-Two Interactive Software by 2,224.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company's stock worth $160,440,000 after acquiring an additional 1,034,000 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Take-Two Interactive Software by 3,786.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company's stock valued at $128,442,000 after purchasing an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock valued at $694,173,000 after purchasing an additional 666,198 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Take-Two Interactive Software by 1,780.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company's stock valued at $70,807,000 after purchasing an additional 436,150 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTWO. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. BMO Capital Markets restated an "outperform" rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Benchmark upped their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Wedbush reaffirmed an "outperform" rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Finally, Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software currently has an average rating of "Buy" and a consensus target price of $187.21.

Take-Two Interactive Software Trading Up 1.3 %

TTWO traded up $2.06 during midday trading on Friday, hitting $163.78. 1,457,840 shares of the company traded hands, compared to its average volume of 1,597,587. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software, Inc. has a 52-week low of $132.17 and a 52-week high of $171.59. The business has a 50 day simple moving average of $155.70 and a two-hundred day simple moving average of $152.60.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. As a group, sell-side analysts expect that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current year.

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Profile

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.