Bessemer Group Inc. acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,900 shares of the company’s stock, valued at approximately $800,000.

Several other hedge funds have also recently made changes to their positions in TTWO. Fifth Third Bancorp raised its stake in shares of Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software during the first quarter valued at approximately $114,000. Crow Point Partners LLC raised its stake in shares of Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after buying an additional 689 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Take-Two Interactive Software by 5,168.8% in the first quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the company’s stock valued at $162,000 after buying an additional 4,807 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its stake in shares of Take-Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock valued at $176,000 after buying an additional 560 shares in the last quarter. 95.60% of the stock is currently owned by institutional investors.

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) opened at 92.02 on Thursday. The company has a market cap of $9.61 billion, a P/E ratio of 54.32 and a beta of 0.83. The stock’s 50 day moving average price is $80.66 and its 200-day moving average price is $68.00. Take-Two Interactive Software, Inc. has a 52-week low of $40.63 and a 52-week high of $92.49.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) EPS. Equities analysts expect that Take-Two Interactive Software, Inc. will post $2.16 EPS for the current year.

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Several brokerages recently commented on TTWO. Stifel Nicolaus reaffirmed a “buy” rating and issued a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Macquarie reaffirmed an “outperform” rating and issued a $99.00 price target (up previously from $82.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. MKM Partners reaffirmed a “buy” rating and issued a $97.00 price target (up previously from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Benchmark Co. reaffirmed a “buy” rating and issued a $100.00 price target (up previously from $85.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $73.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.22.

In other news, CEO Strauss Zelnick sold 35,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $78.53, for a total value of $2,748,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the transaction, the chief financial officer now owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,305 shares of company stock worth $12,321,946. Company insiders own 1.55% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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