Prestige Wealth Management Group LLC Has $373,000 Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Prestige Wealth Management Group LLC grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,402 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Take-Two Interactive Software were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock valued at $2,809,561,000 after acquiring an additional 156,563 shares in the last quarter. Capital World Investors lifted its position in shares of Take-Two Interactive Software by 2.1% during the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after purchasing an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Take-Two Interactive Software by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after purchasing an additional 521,456 shares during the last quarter. Boston Partners grew its position in Take-Two Interactive Software by 1.8% in the 1st quarter. Boston Partners now owns 2,697,648 shares of the company’s stock worth $400,379,000 after purchasing an additional 48,909 shares in the last quarter. Finally, Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at about $350,811,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Price Performance

TTWO traded down $0.45 during midday trading on Friday, hitting $156.61. The stock had a trading volume of 1,246,117 shares, compared to its average volume of 1,509,634. Take-Two Interactive Software, Inc. has a 1 year low of $130.34 and a 1 year high of $171.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day moving average of $151.70 and a 200 day moving average of $150.87. The company has a market cap of $26.84 billion, a P/E ratio of -7.13, a price-to-earnings-growth ratio of 4.57 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 70.33% and a positive return on equity of 1.74%. As a group, equities analysts forecast that Take-Two Interactive Software, Inc. will post 1.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Bank of America restated a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Redburn Atlantic assumed 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. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, BMO Capital Markets restated an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $183.55.

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.