Nomura Asset Management Co. Ltd. grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,250 shares of the company’s stock after buying an additional 4,273 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Take-Two Interactive Software were worth $15,603,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in TTWO. Semanteon Capital Management LP bought a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $872,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Take-Two Interactive Software by 59.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 176,757 shares of the company’s stock worth $42,925,000 after purchasing an additional 65,834 shares during the last quarter. Westpac Banking Corp raised its stake in shares of Take-Two Interactive Software by 45.5% in the second quarter. Westpac Banking Corp now owns 729 shares of the company’s stock worth $177,000 after purchasing an additional 228 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Take-Two Interactive Software by 1.3% during the second quarter. Kingsview Wealth Management LLC now owns 5,363 shares of the company’s stock valued at $1,302,000 after purchasing an additional 67 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Take-Two Interactive Software by 43.2% during the second quarter. Citizens Financial Group Inc. RI now owns 4,020 shares of the company’s stock valued at $976,000 after buying an additional 1,212 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.
Take-Two Interactive Software Trading Up 0.6%
NASDAQ:TTWO opened at $240.46 on Thursday. Take-Two Interactive Software, Inc. has a one year low of $177.35 and a one year high of $264.79. The business has a fifty day moving average price of $251.17 and a 200-day moving average price of $239.11. The firm has a market capitalization of $44.43 billion, a price-to-earnings ratio of -10.04, a price-to-earnings-growth ratio of 5.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16.
Insider Buying and Selling
In related news, CEO Strauss Zelnick sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $231.20, for a total transaction of $10,404,000.00. Following the completion of the transaction, the chief executive officer directly owned 281,495 shares in the company, valued at approximately $65,081,644. The trade was a 13.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jon J. Moses sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $239.57, for a total value of $239,570.00. Following the completion of the transaction, the director directly owned 21,901 shares in the company, valued at approximately $5,246,822.57. This represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,421 shares of company stock valued at $15,606,412 in the last 90 days. Corporate insiders own 1.34% of the company’s stock.
Wall Street Analysts Forecast Growth
TTWO has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. DA Davidson boosted their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Arete downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Thursday, October 23rd. Wedbush lifted their target price on shares of Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Raymond James Financial increased their price target on Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.90.
View Our Latest Research Report on TTWO
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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