Nicholas Investment Partners LP Acquires Shares of 22,590 Take-Two Interactive Software, Inc. (TTWO)

Nicholas Investment Partners LP acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,590 shares of the company’s stock, valued at approximately $1,657,000.

A number of other large investors have also recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares in the last quarter. Smithfield Trust Co. purchased a new position in Take-Two Interactive Software in the second quarter valued at about $125,000. Crow Point Partners LLC increased its holdings in Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after buying an additional 689 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in Take-Two Interactive Software in the second quarter valued at about $134,000. Finally, Meeder Asset Management Inc. purchased a new position in Take-Two Interactive Software in the first quarter valued at about $114,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

A number of research analysts have issued reports on the stock. Buckingham Research assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday. They issued a “buy” rating and a $120.00 target price for the company. Benchmark Co. reaffirmed a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Take-Two Interactive Software in a report on Saturday, September 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, September 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $100.00 target price on shares of Take-Two Interactive Software in a report on Sunday, September 10th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Take-Two Interactive Software in a report on Friday, September 8th. They issued a “buy” rating and a $118.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $89.55.

Shares of Take-Two Interactive Software, Inc. (NASDAQ TTWO) opened at 102.96 on Thursday. The company’s 50-day moving average is $94.03 and its 200-day moving average is $74.78. Take-Two Interactive Software, Inc. has a 12 month low of $41.70 and a 12 month high of $103.28. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 60.78 and a beta of 0.77.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The business had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. During the same period in the previous year, the firm earned ($0.21) EPS. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post $2.20 earnings per share for the current fiscal year.

In other news, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $89.96, for a total transaction of $41,831.40. Following the sale, the director now owns 69,006 shares in the company, valued at $6,207,779.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.81, for a total transaction of $4,390,500.00. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock worth $7,677,331 over the last quarter. Insiders own 1.55% of the company’s stock.

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Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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