Provident Investment Management Inc. Purchases New Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Provident Investment Management Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 160,790 shares of the company’s stock, valued at approximately $25,001,000. Take-Two Interactive Software accounts for approximately 2.3% of Provident Investment Management Inc.’s holdings, making the stock its 21st largest position. Provident Investment Management Inc. owned approximately 0.09% of Take-Two Interactive Software as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Take-Two Interactive Software by 1.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock worth $907,000 after buying an additional 68 shares during the period. Moody National Bank Trust Division raised its holdings in Take-Two Interactive Software by 2.2% during the 1st quarter. Moody National Bank Trust Division now owns 4,172 shares of the company’s stock worth $620,000 after buying an additional 91 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Take-Two Interactive Software by 25.7% in the first quarter. Salomon & Ludwin LLC now owns 445 shares of the company’s stock valued at $66,000 after purchasing an additional 91 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Take-Two Interactive Software by 15.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock valued at $107,000 after purchasing an additional 91 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of Take-Two Interactive Software by 0.6% in the second quarter. Banco Santander S.A. now owns 15,773 shares of the company’s stock valued at $2,453,000 after purchasing an additional 97 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $156.32 on Tuesday. The stock’s 50-day moving average is $151.74 and its 200-day moving average is $150.89. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The stock has a market cap of $27.40 billion, a P/E ratio of -7.11, a price-to-earnings-growth ratio of 4.52 and a beta of 0.86. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TTWO shares. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Bank of America reissued a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $183.55.

Take-Two Interactive Software Profile

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, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.