QRG Capital Management Inc. Buys 1,032 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

QRG Capital Management Inc. lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,177 shares of the company’s stock after acquiring an additional 1,032 shares during the period. QRG Capital Management Inc.’s holdings in Take-Two Interactive Software were worth $2,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hartford Investment Management Co. lifted its holdings in Take-Two Interactive Software by 0.7% during the 3rd quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock valued at $1,576,000 after purchasing an additional 74 shares during the last quarter. Chicago Capital LLC raised its position in shares of Take-Two Interactive Software by 2.9% in the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after purchasing an additional 85 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake 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 worth $107,000 after buying an additional 91 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Take-Two Interactive Software by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,709 shares of the company’s stock worth $263,000 after buying an additional 92 shares during the period. Finally, Banco Santander S.A. boosted its holdings in shares of Take-Two Interactive Software by 0.6% during the 2nd 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 period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Up 1.6 %

Shares of TTWO opened at $166.62 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software, Inc. has a 52-week low of $135.00 and a 52-week high of $171.59. The firm has a market cap of $29.21 billion, a price-to-earnings ratio of -7.48, a PEG ratio of 4.98 and a beta of 0.85. The business’s fifty day moving average is $155.90 and its 200-day moving average is $153.17.

Take-Two Interactive Software (NASDAQ:TTWO) last posted 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. The firm 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 70.33% and a positive return on equity of 1.74%. Equities analysts anticipate that Take-Two Interactive Software, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the firm’s 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 sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Redburn Atlantic started coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 target price on the stock. Benchmark boosted their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $187.21.

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.