Engineers Gate Manager LP raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1,063.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,841 shares of the company’s stock after purchasing an additional 69,322 shares during the period. Take-Two Interactive Software accounts for 0.5% of Engineers Gate Manager LP’s portfolio, making the stock its 5th largest holding. Engineers Gate Manager LP owned 0.07% of Take-Two Interactive Software worth $5,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TTWO. Fifth Third Bancorp grew its holdings in Take-Two Interactive Software by 6.4% during the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after purchasing an additional 101 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Take-Two Interactive Software during the first quarter valued at approximately $114,000. Smithfield Trust Co. acquired a new position in Take-Two Interactive Software during the second quarter valued at approximately $125,000. Crow Point Partners LLC grew its holdings in Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after purchasing an additional 689 shares during the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new position in Take-Two Interactive Software during the second quarter valued at approximately $134,000. Institutional investors own 96.20% of the company’s stock.

Shares of Take-Two Interactive Software, Inc. (TTWO) traded up 2.05% on Thursday, hitting $97.78. The company’s stock had a trading volume of 239,082 shares. The stock’s 50-day moving average price is $88.78 and its 200-day moving average price is $72.04. Take-Two Interactive Software, Inc. has a 52 week low of $41.70 and a 52 week high of $98.45. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 57.72 and a beta of 0.77.

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

Several equities analysts have commented on TTWO shares. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price target (up previously from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. Benchmark Co. reissued a “buy” rating and issued a $85.00 price objective (up from $77.00) on shares of Take-Two Interactive Software in a research report on Wednesday, May 24th. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. MKM Partners reissued a “buy” rating and issued a $80.00 price objective (up from $63.00) on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. Finally, Bank of America Corporation increased their price objective on Take-Two Interactive Software from $67.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. 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. Take-Two Interactive Software presently has a consensus rating of “Buy” and an average price target of $85.72.

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In related news, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the sale, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the sale, the chief financial officer now directly owns 409,019 shares of the company’s stock, valued at approximately $35,862,785.92. The disclosure for this sale can be found here. In the last three months, insiders sold 87,465 shares of company stock valued at $7,677,331. 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.

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

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