Parcion Private Wealth LLC Makes New $204,000 Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Parcion Private Wealth LLC acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,326 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Take-Two Interactive Software by 6.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,834 shares of the company’s stock worth $2,351,000 after acquiring an additional 960 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in Take-Two Interactive Software by 127.4% in the first quarter. SteelPeak Wealth LLC now owns 13,788 shares of the company’s stock valued at $2,047,000 after buying an additional 7,725 shares during the last quarter. Congress Wealth Management LLC DE increased its holdings in Take-Two Interactive Software by 0.5% in the first quarter. Congress Wealth Management LLC DE now owns 76,203 shares of the company’s stock valued at $11,316,000 after buying an additional 396 shares during the last quarter. State of Michigan Retirement System increased its holdings in Take-Two Interactive Software by 0.5% in the first quarter. State of Michigan Retirement System now owns 43,492 shares of the company’s stock valued at $6,458,000 after buying an additional 200 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Take-Two Interactive Software by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 423,967 shares of the company’s stock valued at $62,955,000 after buying an additional 2,482 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the subject of several recent research reports. Jefferies Financial Group upped their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Bank of America reaffirmed a “buy” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. JPMorgan Chase & Co. lowered their target price on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Wedbush reiterated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $185.60.

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.45% of the stock is owned by insiders.

Take-Two Interactive Software Stock Up 0.3 %

TTWO stock opened at $161.79 on Friday. Take-Two Interactive Software, Inc. has a 12-month low of $130.34 and a 12-month high of $171.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The company has a market cap of $28.36 billion, a price-to-earnings ratio of -7.26, a PEG ratio of 4.63 and a beta of 0.86. The company has a 50 day moving average of $155.23 and a two-hundred day moving average of $152.29.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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%. On average, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 1.06 earnings per share for the current fiscal year.

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.