iA Global Asset Management Inc. lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 4.4% in the 2nd quarter, Holdings Channel reports. The fund owned 58,109 shares of the company’s stock after acquiring an additional 2,431 shares during the quarter. iA Global Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $14,112,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. ORG Partners LLC boosted its holdings in Take-Two Interactive Software by 115.7% during the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. boosted its holdings in Take-Two Interactive Software by 101.9% during the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 53 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in Take-Two Interactive Software during the first quarter worth $29,000. Game Plan Financial Advisors LLC acquired a new position in Take-Two Interactive Software during the first quarter worth $31,000. Finally, LGT Financial Advisors LLC acquired a new position in Take-Two Interactive Software during the second quarter worth $34,000. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Price Performance
TTWO stock opened at $256.37 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72. Take-Two Interactive Software, Inc. has a 12 month low of $160.83 and a 12 month high of $264.79. The firm has a market cap of $47.29 billion, a P/E ratio of -10.71, a P/E/G ratio of 5.10 and a beta of 1.01. The company’s 50-day moving average price is $250.15 and its two-hundred day moving average price is $237.08.
Insider Transactions at Take-Two Interactive Software
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $231.20, for a total value of $10,404,000.00. Following the transaction, the chief executive officer directly owned 281,495 shares of the company’s stock, valued at $65,081,644. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon J. Moses sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $231.33, for a total transaction of $231,330.00. Following the completion of the transaction, the director directly owned 22,901 shares in the company, valued at approximately $5,297,688.33. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 141,822 shares of company stock worth $32,540,844. Corporate insiders own 1.34% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently commented on TTWO shares. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, October 8th. Wells Fargo & Company increased their target price on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $290.00 price target (up previously from $275.00) on shares of Take-Two Interactive Software in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $254.86.
Check Out Our Latest Stock Analysis on Take-Two Interactive Software
About Take-Two Interactive Software
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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