Acadian Asset Management LLC Makes New $817,000 Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Acadian Asset Management LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,261 shares of the company’s stock, valued at approximately $817,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pin Oak Investment Advisors Inc. boosted its holdings in Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares in the last quarter. ORG Partners LLC grew its holdings in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after acquiring an additional 166 shares during the period. Crewe Advisors LLC raised its position in Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 143 shares in the last quarter. UMB Bank n.a. lifted its holdings in Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on 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 owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on TTWO shares. BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Jefferies Financial Group boosted their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Benchmark upped their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley lifted their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird lowered their target price on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating on the stock in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.55.

Take-Two Interactive Software Price Performance

TTWO opened at $152.45 on Tuesday. The company has a 50 day moving average of $151.74 and a two-hundred day moving average of $151.05. Take-Two Interactive Software, Inc. has a 52-week low of $130.34 and a 52-week high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The company has a market cap of $26.13 billion, a P/E ratio of -6.94, a P/E/G ratio of 4.57 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. On average, analysts expect that Take-Two Interactive Software, Inc. will post 1.03 earnings per share for the current year.

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.