Verdence Capital Advisors LLC Grows Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Verdence Capital Advisors LLC boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 37.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,680 shares of the company's stock after purchasing an additional 6,411 shares during the quarter. Verdence Capital Advisors LLC's holdings in Take-Two Interactive Software were worth $3,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. Principal Financial Group Inc. raised its holdings in shares of Take-Two Interactive Software by 5.9% in the 3rd quarter. Principal Financial Group Inc. now owns 189,496 shares of the company's stock valued at $29,127,000 after purchasing an additional 10,491 shares in the last quarter. Maia Wealth LLC lifted its stake in shares of Take-Two Interactive Software by 4.7% during the third quarter. Maia Wealth LLC now owns 3,474 shares of the company's stock worth $560,000 after buying an additional 156 shares during the period. Catalyst Capital Advisors LLC grew its stake in Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock valued at $43,000 after purchasing an additional 115 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Take-Two Interactive Software by 6.0% in the 3rd quarter. QRG Capital Management Inc. now owns 18,177 shares of the company's stock worth $2,794,000 after buying an additional 1,032 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Take-Two Interactive Software by 10.9% during the third quarter. Asset Management One Co. Ltd. now owns 65,941 shares of the company's stock worth $10,136,000 after purchasing an additional 6,476 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of analyst reports. HSBC upgraded shares of Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price objective for the company in a research report on Monday, August 12th. Hsbc Global Res raised shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Benchmark lifted their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Roth Mkm upped their price objective on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Oppenheimer upped their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $188.05.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares of the company's stock, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.45% of the stock is currently owned by company insiders.

Take-Two Interactive Software Trading Down 0.7 %

Shares of NASDAQ:TTWO traded down $1.27 during mid-day trading on Friday, hitting $177.90. The company had a trading volume of 2,225,695 shares, compared to its average volume of 1,617,064. The firm has a fifty day moving average price of $156.75 and a 200 day moving average price of $153.71. The company has a market capitalization of $31.18 billion, a PE ratio of -8.41, a price-to-earnings-growth ratio of 5.09 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $180.53.

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, topping analysts' consensus estimates of ($0.39) by $0.09. The firm 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 66.38% and a positive return on equity of 0.49%. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current year.

Take-Two Interactive Software Company 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.