J.P. Marvel Investment Advisors LLC Buys New Holdings in TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)

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J.P. Marvel Investment Advisors LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,148 shares of the company’s stock, valued at approximately $645,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 2.9% in the second quarter. Nisa Investment Advisors LLC now owns 23,514 shares of the company’s stock valued at $2,670,000 after buying an additional 665 shares in the last quarter. First Hawaiian Bank raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 1,412.5% in the second quarter. First Hawaiian Bank now owns 6,655 shares of the company’s stock valued at $756,000 after purchasing an additional 6,215 shares during the last quarter. OLD National Bancorp IN bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at about $245,000. Cornerstone Advisors Inc. raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 121.0% in the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Finally, We Are One Seven LLC raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the second quarter. We Are One Seven LLC now owns 3,869 shares of the company’s stock valued at $439,000 after purchasing an additional 86 shares during the last quarter. 90.92% of the stock is currently owned by institutional investors.

TTWO has been the subject of several research reports. Nomura initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Thursday, October 3rd. They issued a “neutral” rating and a $135.00 target price for the company. BMO Capital Markets increased their target price on TAKE-TWO INTERACTIVE SOFTWARE to $120.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Morgan Stanley increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. KeyCorp raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Credit Suisse Group lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $118.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $132.79.

Shares of NASDAQ:TTWO traded down $1.15 during mid-day trading on Wednesday, hitting $121.96. 896,142 shares of the company traded hands, compared to its average volume of 1,923,455. The stock has a market cap of $13.75 billion, a P/E ratio of 31.43, a P/E/G ratio of 4.29 and a beta of 0.70. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12-month low of $84.41 and a 12-month high of $135.70. The stock has a 50-day moving average price of $121.19 and a two-hundred day moving average price of $120.12.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.78. The company had revenue of $950.50 million for the quarter, compared to analysts’ expectations of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 62.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. As a group, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.16 earnings per share for the current year.

About TAKE-TWO INTERACTIVE SOFTWARE

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Institutional Ownership by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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