Summit Place Financial Advisors LLC grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 11.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,563 shares of the company’s stock after purchasing an additional 690 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in Take-Two Interactive Software were worth $1,594,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aberdeen Group plc increased its holdings in Take-Two Interactive Software by 3.6% in the 2nd quarter. Aberdeen Group plc now owns 110,159 shares of the company’s stock worth $26,752,000 after acquiring an additional 3,820 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 53 shares during the period. Cyndeo Wealth Partners LLC purchased a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $1,101,000. Callan Family Office LLC purchased a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $832,000. Finally, Trifecta Capital Advisors LLC acquired a new position in Take-Two Interactive Software in the second quarter valued at about $97,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Down 1.8%
Shares of NASDAQ:TTWO opened at $251.97 on Friday. The stock has a market cap of $46.48 billion, a price-to-earnings ratio of -10.53, a price-to-earnings-growth ratio of 5.45 and a beta of 1.01. Take-Two Interactive Software, Inc. has a fifty-two week low of $153.06 and a fifty-two week high of $262.19. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average price is $241.66 and its 200 day moving average price is $231.55.
Insider Buying and Selling at Take-Two Interactive Software
In other news, CEO Strauss Zelnick sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $231.20, for a total transaction of $10,404,000.00. Following the transaction, the chief executive officer directly owned 281,495 shares in the company, valued at approximately $65,081,644. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $528,867.75. Following the transaction, the director owned 9,063 shares in the company, valued at approximately $2,061,560.61. This trade represents a 20.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,825 shares of company stock valued at $32,532,671. 1.34% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on TTWO. Raymond James Financial upped their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. UBS Group upped their target price on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wedbush upped their target price on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Citigroup upped 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 research report on Wednesday, July 23rd. Nineteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.60.
Read Our Latest Stock Analysis on Take-Two Interactive Software
Take-Two Interactive Software 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.
Featured Articles
- Five stocks we like better than Take-Two Interactive Software
- 3 Small Caps With Big Return Potential
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- Bank Stocks – Best Bank Stocks to Invest In
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report).
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.