LHM Inc. Invests $5.81 Million in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• LHM Inc. invested approximately $5.81 million in Take-Two Interactive Software, Inc. by purchasing 28,033 shares, making it their 13th largest holding.
• Take-Two Interactive reported $0.61 earnings per share for the last quarter, surpassing analysts' predictions and showing a 16.4% increase in year-over-year revenue.
• Analysts have raised target prices for Take-Two Interactive, with Bank of America setting a target of $285.00 and providing a "buy" rating.

LHM Inc. acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,033 shares of the company's stock, valued at approximately $5,810,000. Take-Two Interactive Software accounts for 1.9% of LHM Inc.'s portfolio, making the stock its 13th biggest holding.

A number of other large investors also recently bought and sold shares of the business. Park Square Financial Group LLC bought a new stake in Take-Two Interactive Software during the 4th quarter valued at $28,000. North Capital Inc. bought a new stake in Take-Two Interactive Software during the 1st quarter valued at $35,000. Zions Bancorporation National Association UT bought a new stake in Take-Two Interactive Software during the 1st quarter valued at $37,000. Graybill Wealth Management LTD. bought a new stake in Take-Two Interactive Software during the 1st quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. raised its position in Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded down $2.98 during trading on Thursday, reaching $233.16. 1,687,967 shares of the company traded hands, compared to its average volume of 2,075,904. The firm's fifty day simple moving average is $233.69 and its 200 day simple moving average is $220.30. The stock has a market cap of $43.01 billion, a P/E ratio of -9.74, a PEG ratio of 5.94 and a beta of 0.99. Take-Two Interactive Software, Inc. has a 12-month low of $145.50 and a 12-month high of $245.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. The business had revenue of $1,503,800 billion during the quarter, compared to analyst estimates 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%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted ($1.52) EPS. As a group, research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the chief executive officer directly owned 1,206,427 shares of the company's stock, 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 SEC, which is available through this link. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the president directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 460,792 shares of company stock valued at $104,014,443. Insiders own 1.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTWO. Morgan Stanley lifted their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. UBS Group lifted their target price on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Wedbush lifted their price target on Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Benchmark lifted their price target on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $245.60.

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.