GF Fund Management CO. LTD. Has $9.98 Million Position in Take-Two Interactive Software, Inc. $TTWO

GF Fund Management CO. LTD. boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,976 shares of the company’s stock after buying an additional 2,694 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Take-Two Interactive Software were worth $9,979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LBP AM SA lifted its stake in shares of Take-Two Interactive Software by 298.2% in the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after purchasing an additional 48,384 shares during the period. Compass Wealth Management LLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $3,419,000. AGF Management Ltd. lifted its stake in shares of Take-Two Interactive Software by 33.1% in the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after purchasing an additional 18,119 shares during the period. M&G PLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $12,465,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Take-Two Interactive Software by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock valued at $264,692,000 after purchasing an additional 18,959 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the sale, the director directly owned 2,000 shares of the company’s stock, valued at $415,320. The trade was a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 810 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the sale, the insider directly owned 124,191 shares of the company’s stock, valued at $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,292 shares of company stock worth $13,978,938 over the last three months. Insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TTWO. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. UBS Group boosted their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $284.31.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $212.04 on Friday. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The firm has a market capitalization of $39.27 billion, a price-to-earnings ratio of -9.47, a PEG ratio of 3.19 and a beta of 0.96. The business has a 50-day simple moving average of $203.29 and a 200 day simple moving average of $231.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.