QRG Capital Management Inc. Acquires 2,720 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

QRG Capital Management Inc. lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 18.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 17,145 shares of the company’s stock after acquiring an additional 2,720 shares during the period. QRG Capital Management Inc.’s holdings in Take-Two Interactive Software were worth $2,666,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTWO. Beech Hill Advisors Inc. bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $1,124,000. OLD National Bancorp IN lifted its holdings in Take-Two Interactive Software by 30.5% during the 2nd quarter. OLD National Bancorp IN now owns 1,782 shares of the company’s stock valued at $277,000 after purchasing an additional 417 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in Take-Two Interactive Software by 95.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,707 shares of the company’s stock valued at $576,000 after purchasing an additional 1,807 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Take-Two Interactive Software by 6.0% during the 2nd quarter. Park Avenue Securities LLC now owns 3,557 shares of the company’s stock valued at $553,000 after purchasing an additional 200 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Take-Two Interactive Software by 29.9% during the 2nd quarter. Fulton Bank N.A. now owns 3,928 shares of the company’s stock valued at $611,000 after purchasing an additional 904 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Trading Up 4.4 %

NASDAQ TTWO traded up $6.04 during trading on Friday, reaching $144.82. 3,996,275 shares of the stock traded hands, compared to its average volume of 1,676,631. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of 4.09 and a beta of 0.84. The stock’s 50-day moving average price is $153.39 and its 200 day moving average price is $151.79. 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, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. Analysts predict that Take-Two Interactive Software, Inc. will post 1.05 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TTWO shares. Jefferies Financial Group boosted their target price on shares of 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. Oppenheimer reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, April 23rd. HSBC downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 target price for the company. in a research note on Friday, May 17th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a research note on Friday. Finally, Roth Mkm dropped their target price on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.73.

Insider Activity

In other news, Director Michael Sheresky sold 218 shares of the company’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 in the company, valued at $10,724,591.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael Sheresky sold 218 shares of the business’s stock in a transaction 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 sale, the director now owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Company Profile

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.