ORG Wealth Partners LLC acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor acquired 292 shares of the company’s stock, valued at approximately $70,000.
Several other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at about $288,410,000. Price T Rowe Associates Inc. MD raised its position in shares of Take-Two Interactive Software by 425.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,431,310 shares of the company’s stock valued at $296,640,000 after acquiring an additional 1,158,783 shares in the last quarter. Contour Asset Management LLC bought a new position in Take-Two Interactive Software during the first quarter valued at about $180,701,000. GAMMA Investing LLC lifted its holdings in shares of Take-Two Interactive Software by 27,563.6% during the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company’s stock valued at $143,676,000 after buying an additional 690,745 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Take-Two Interactive Software by 107.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,001,531 shares of the company’s stock valued at $243,222,000 after purchasing an additional 519,518 shares during the period. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Price Performance
Shares of TTWO stock opened at $256.12 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $47.25 billion, a PE ratio of -10.70, a PEG ratio of 5.43 and a beta of 1.00. Take-Two Interactive Software, Inc. has a 52 week low of $146.76 and a 52 week high of $258.10. The stock’s fifty day moving average is $235.39 and its 200-day moving average is $228.36.
Analysts Set New Price Targets
A number of research firms have recently issued reports on TTWO. Wells Fargo & Company began coverage on Take-Two Interactive Software in a research report on Monday, July 28th. They issued an “overweight” rating and a $265.00 price objective for the company. UBS Group raised their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Citigroup lifted their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Bank of America boosted their price target on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Wedbush increased their price objective on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $248.32.
Read Our Latest Analysis on TTWO
Insider Buying and Selling at Take-Two Interactive Software
In other news, Director Laverne Evans Srinivasan sold 2,325 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $528,867.75. Following the completion of the transaction, the director owned 9,063 shares of the company’s stock, valued at $2,061,560.61. The trade was a 20.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $246.25, for a total transaction of $101,947.50. Following the completion of the sale, the director directly owned 3,003 shares in the company, valued at approximately $739,488.75. This trade represents a 12.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,825 shares of company stock valued at $32,532,671. Company insiders own 1.34% of the company’s stock.
Take-Two Interactive Software Company Profile
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.
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