Mizuho Securities USA LLC Has $2.72 Million Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Mizuho Securities USA LLC has reduced its holdings in Take-Two Interactive Software by 15.1%, now owning 13,143 shares valued at approximately $2.72 million.
• Multiple analysts have increased their target prices for Take-Two Interactive, with Citigroup raising it to $270.00 and Raymond James to $260.00, reflecting a positive outlook on the stock.
• Recent insider sales include Daniel P. Emerson offloading 27,056 shares for over $6.09 million, leading to a 15.09% decrease in his ownership stake.

Mizuho Securities USA LLC cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 15.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,143 shares of the company's stock after selling 2,337 shares during the period. Mizuho Securities USA LLC's holdings in Take-Two Interactive Software were worth $2,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TTWO. Franklin Resources Inc. grew its stake in Take-Two Interactive Software by 19.9% in the 4th quarter. Franklin Resources Inc. now owns 14,587 shares of the company's stock valued at $2,685,000 after buying an additional 2,420 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Take-Two Interactive Software by 34.3% in the 4th quarter. Russell Investments Group Ltd. now owns 41,313 shares of the company's stock valued at $7,610,000 after buying an additional 10,540 shares during the last quarter. FMR LLC grew its stake in Take-Two Interactive Software by 67.7% in the 4th quarter. FMR LLC now owns 960,654 shares of the company's stock valued at $176,837,000 after buying an additional 387,923 shares during the last quarter. Cerity Partners LLC grew its stake in Take-Two Interactive Software by 10.7% in the 4th quarter. Cerity Partners LLC now owns 8,362 shares of the company's stock valued at $1,539,000 after buying an additional 806 shares during the last quarter. Finally, Philadelphia Trust Co. acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO traded up $3.58 on Wednesday, hitting $236.14. The company had a trading volume of 2,105,654 shares, compared to its average volume of 2,053,631. The stock has a market capitalization of $43.56 billion, a price-to-earnings ratio of -9.86, a PEG ratio of 5.85 and a beta of 0.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $233.64 and a two-hundred day moving average of $219.99. Take-Two Interactive Software, Inc. has a 52 week low of $143.17 and a 52 week high of $245.07.

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

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the transaction, the insider directly owned 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 460,792 shares of company stock worth $104,014,443 in the last 90 days. 1.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTWO has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of Take-Two Interactive Software in a research report on Monday, July 28th. They set an "overweight" rating and a $265.00 target price on the stock. UBS Group increased their target price on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. DA Davidson increased their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Citigroup increased their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $245.60.

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.