E Fund Management Co. Ltd. Boosts Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• E Fund Management Co. Ltd. increased its holdings in Take-Two Interactive Software by 99.4%, owning 4,914 shares worth approximately $1,018,000 as of its latest SEC filing.
• Multiple research firms have upgraded their price targets for Take-Two, with UBS Group setting the highest target at $285.00 and a consensus rating of "Moderate Buy" among analysts.
• Take-Two recently reported a quarterly earnings per share of $0.61, significantly exceeding analysts' expectations, with a revenue growth of 16.4% compared to the previous year.

E Fund Management Co. Ltd. boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 99.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,914 shares of the company's stock after buying an additional 2,449 shares during the period. E Fund Management Co. Ltd.'s holdings in Take-Two Interactive Software were worth $1,018,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth $28,000. North Capital Inc. purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter worth $35,000. Graybill Wealth Management LTD. purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter worth $37,000. Zions Bancorporation National Association UT purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter worth $37,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after purchasing an additional 57 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TTWO. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wedbush boosted their target price on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. DA Davidson boosted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, UBS Group boosted their target price on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Take-Two Interactive Software Stock Up 1.5%

Shares of NASDAQ:TTWO opened at $236.14 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. Take-Two Interactive Software, Inc. has a 1 year low of $143.17 and a 1 year high of $245.07. The stock has a market capitalization of $43.56 billion, a P/E ratio of -9.86, a PEG ratio of 5.85 and a beta of 0.99. The stock has a 50-day simple moving average of $233.64 and a 200-day simple moving average of $219.99.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.33. The firm had revenue of $1,503,800 billion during the quarter, compared to analysts' expectations of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%. Take-Two Interactive Software's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.52) EPS. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the president owned 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the transaction, the director owned 3,290 shares of the company's stock, valued at approximately $782,362. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 460,792 shares of company stock worth $104,014,443 in the last 90 days. 1.34% of the stock is owned by insiders.

Take-Two Interactive Software Company Profile

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.

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