Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Brief Interest Update


Take-Two Interactive Software, Inc. (NASDAQ: TWOGet a rating) was the target of a significant increase in short-term interest in April. As of April 30, there was short interest totaling 12,510,000 shares, an increase of 20.9% from the April 15 total of 10,350,000 shares. Based on an average daily trading volume of 1,960,000 shares, the days-to-cover ratio is currently 6.4 days. Currently, 11.6% of the stock’s shares are sold short.

Action TTWO opened at $122.87 on Wednesday. Take-Two Interactive Software has a 12-month minimum of $101.85 and a 12-month maximum of $195.82. The stock has a market capitalization of $14.19 billion, a P/E ratio of 34.38, a PEG ratio of 2.05 and a beta of 0.77. The company’s 50-day moving average price is $136.70 and its 200-day moving average price is $157.37.

Take-Two interactive software (NASDAQ: TWOGet a rating) last released its quarterly earnings data on Monday, May 16. The company reported earnings per share of $0.95 for the quarter, beating consensus analyst estimates of $0.70 by $0.25. The company posted revenue of $845.78 million for the quarter, compared to $884.62 million expected by analysts. Take-Two Interactive Software achieved a return on equity of 15.63% and a net margin of 15.40%. The company’s quarterly revenue increased 7.8% year over year. During the same period of the previous year, the company achieved EPS of $1.66. As a group, stock analysts expect Take-Two Interactive Software to post earnings per share of $4.49 for the current year.

A number of stock analysts have published reports on TTWO shares. Deutsche Bank Aktiengesellschaft lowered its price target on Take-Two Interactive Software from $225.00 to $215.00 and set a “buy” rating for the company in a Wednesday, February 9 report. Barclays cut its price target on Take-Two Interactive Software from $220.00 to $185.00 and set an “overweight” rating for the company in a report released Tuesday. Exane BNP Paribas upgraded Take-Two Interactive Software from a “neutral” rating to an “outperforming” rating and lowered its price target for the stock from $215.00 to $180.00 in a Wednesday 19 report. january. Oppenheimer lowered its price target on Take-Two Interactive Software from $215.00 to $190.00 and set a “na” rating for the company in a report released Tuesday. Finally, Cowen lowered its price target on Take-Two Interactive Software to $185.00 and set an “na” rating for the company in a report on Tuesday. Five research analysts gave the stock a hold rating and fifteen gave the company’s stock a buy rating. According to data from MarketBeat.com, the stock has a consensus buy rating and a consensus price target of $187.78.

In other news, the President Karl Slatoff sold 152,373 shares in a trade that took place on Wednesday, April 13. The stock was sold at an average price of $138.64, for a total transaction of $21,124,992.72. Following the completion of the sale, the president now owns 437,067 shares of the company, valued at $60,594,968.88. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. 0.90% of the shares are held by insiders.

Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Norges Bank bought a new position in shares of Take-Two Interactive Software in Q4 for a value of $183,696,000. Alliancebernstein LP increased its stake in Take-Two Interactive Software by 18.0% during the fourth quarter. Alliancebernstein LP now owns 4,722,683 shares of the company worth $839,315,000 after acquiring an additional 720,712 shares in the last quarter. DNB Asset Management AS increased its position in Take-Two Interactive Software shares by 345.5% during the first quarter. DNB Asset Management AS now owns 882,391 shares of the company worth $135,659,000 after purchasing an additional 684,323 shares during the period. UBS Asset Management Americas Inc. increased its position in Take-Two Interactive Software shares by 37.9% during the third quarter. UBS Asset Management Americas Inc. now owns 1,575,470 shares of the company worth $242,733,000 after purchasing an additional 432,685 shares during the period. Finally, Alyeska Investment Group LP increased its stake in Take-Two Interactive Software by 81.3% in the first quarter. Alyeska Investment Group LP now owns 919,607 shares of the company valued at $141,380,000 after purchasing an additional 412,456 shares during the period. 88.08% of the shares are currently held by hedge funds and other institutional investors.

About Take-Two Interactive Software (Get a rating)

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, Social Point and Playdots labels. It develops and publishes action/adventure products under the names Grand Theft Auto, Max Payne, Midnight Club and Red Dead Redemption; and features episodes and content.

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