Miracle Mile Advisors LLC Acquires 3,162 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Miracle Mile Advisors LLC raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 175.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,960 shares of the company’s stock after purchasing an additional 3,162 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Take-Two Interactive Software were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Moody National Bank Trust Division grew its position in Take-Two Interactive Software by 2.2% in the first quarter. Moody National Bank Trust Division now owns 4,172 shares of the company’s stock worth $620,000 after acquiring an additional 91 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of Take-Two Interactive Software by 25.7% in the 1st quarter. Salomon & Ludwin LLC now owns 445 shares of the company’s stock worth $66,000 after purchasing an additional 91 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Take-Two Interactive Software by 15.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock valued at $107,000 after purchasing an additional 91 shares during the last quarter. GAMMA Investing LLC raised its holdings in Take-Two Interactive Software by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,709 shares of the company’s stock valued at $263,000 after buying an additional 92 shares during the period. Finally, Banco Santander S.A. lifted its position in Take-Two Interactive Software by 0.6% in the second quarter. Banco Santander S.A. now owns 15,773 shares of the company’s stock worth $2,453,000 after buying an additional 97 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTWO has been the topic of several recent analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Benchmark raised their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Bank of America reaffirmed a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research note on Monday, August 12th. Finally, Jefferies Financial Group upped their price objective on 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. One investment analyst has rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $185.10.

Take-Two Interactive Software Trading Up 0.5 %

TTWO opened at $152.94 on Wednesday. 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 cap of $26.81 billion, a price-to-earnings ratio of -6.96, a PEG ratio of 4.41 and a beta of 0.86. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The stock has a fifty day moving average price of $151.88 and a 200-day moving average price of $151.65.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) EPS 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 during the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the stock in a transaction on 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 sale, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by 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.