Bessemer Group Inc. increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 53.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,456,186 shares of the company’s stock after purchasing an additional 505,000 shares during the quarter. Bessemer Group Inc.’s holdings in Take-Two Interactive Software were worth $372,828,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after buying an additional 45 shares during the period. Compagnie Lombard Odier SCmA lifted its position in Take-Two Interactive Software by 28.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after buying an additional 46 shares during the period. First Horizon Corp lifted its position in Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after buying an additional 46 shares during the period. Westside Investment Management Inc. lifted its position in Take-Two Interactive Software by 10.0% during the third quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock worth $135,000 after buying an additional 48 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its position in Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after buying an additional 48 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.
Take-Two Interactive Software Stock Performance
Shares of NASDAQ:TTWO opened at $242.41 on Friday. The firm has a market capitalization of $44.89 billion, a PE ratio of -10.83, a P/E/G ratio of 3.39 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50-day moving average of $208.91 and a two-hundred day moving average of $226.35. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79.
Insiders Place Their Bets
Analysts Set New Price Targets
Several research firms recently weighed in on TTWO. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wells Fargo & Company dropped their price target on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. UBS Group upped their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $284.31.
View Our Latest Report on Take-Two Interactive Software
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.
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