Troy Asset Management Ltd Has $15.74 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Troy Asset Management Ltd raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,372 shares of the company’s stock after acquiring an additional 7,654 shares during the period. Troy Asset Management Ltd’s holdings in Take-Two Interactive Software were worth $15,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Verdence Capital Advisors LLC increased its position in shares of Take-Two Interactive Software by 37.1% in the third quarter. Verdence Capital Advisors LLC now owns 23,680 shares of the company’s stock worth $3,640,000 after purchasing an additional 6,411 shares during the period. Principal Financial Group Inc. lifted its position in Take-Two Interactive Software by 5.9% during the third quarter. Principal Financial Group Inc. now owns 189,496 shares of the company’s stock worth $29,127,000 after purchasing an additional 10,491 shares during the period. Maia Wealth LLC grew its stake in 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 in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after buying an additional 115 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of 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 valued at $2,794,000 after buying an additional 1,032 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Transactions 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 shares were 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 directly owns 64,378 shares in the company, valued at $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $177.90 on Friday. The stock’s 50-day moving average price is $156.75 and its two-hundred day moving average price is $153.79. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $180.53.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 0.51% and a negative net margin of 66.38%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, research analysts expect that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus boosted their price target on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Benchmark upped their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets boosted their target price on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $188.05.

About Take-Two Interactive Software

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.