Mather Group LLC. Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Mather Group LLC. acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,077 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds have also recently bought and sold shares of TTWO. Norges Bank acquired a new position in Take-Two Interactive Software during the fourth quarter worth $350,811,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Take-Two Interactive Software by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after purchasing an additional 521,456 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Take-Two Interactive Software by 269.8% during the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock worth $79,699,000 after purchasing an additional 361,273 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Take-Two Interactive Software by 117.1% during the third quarter. Schroder Investment Management Group now owns 530,403 shares of the company’s stock worth $74,463,000 after purchasing an additional 286,076 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Take-Two Interactive Software by 421.0% during the fourth quarter. Wellington Management Group LLP now owns 327,006 shares of the company’s stock worth $52,632,000 after purchasing an additional 264,244 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $154.98 on Friday. The stock’s 50-day moving average is $151.12 and its 200-day moving average is $154.15. Take-Two Interactive Software, Inc. has a one year low of $130.34 and a one year high of $171.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TTWO. HSBC cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 target price on the stock. in a report on Friday, May 17th. Oppenheimer restated an “outperform” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. Roth Mkm decreased their target price on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Jefferies Financial Group decreased their target price on Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Finally, Benchmark restated a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.09.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares in the company, valued at $10,724,591.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The disclosure for this sale can be found here. Insiders sold a total of 93,569 shares of company stock worth $13,909,565 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software

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.