Wellspring Financial Advisors LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,606 shares of the company’s stock, valued at approximately $923,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $735,389,000. Vanguard Group Inc. increased its position in shares of Take-Two Interactive Software by 4.5% during the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after buying an additional 932,659 shares during the period. Bessemer Group Inc. increased its position in shares of Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after buying an additional 505,000 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Take-Two Interactive Software during the third quarter valued at about $112,847,000. Finally, State Street Corp increased its position in shares of Take-Two Interactive Software by 4.1% during the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after buying an additional 429,083 shares during the period. 95.46% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Laverne Evans Srinivasan sold 373 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $229.35, for a total value of $85,547.55. Following the completion of the sale, the director owned 8,719 shares of the company’s stock, valued at $1,999,702.65. This trade represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the sale, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 560,588 shares of company stock valued at $126,322,522. Corporate insiders own 1.34% of the company’s stock.
Take-Two Interactive Software Stock Performance
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on TTWO shares. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wells Fargo & Company decreased their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler restated a “neutral” rating on shares of Take-Two Interactive Software in a research report on Tuesday. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $287.06.
Read Our Latest Stock Report on TTWO
Take-Two Interactive Software Company 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.
Featured Articles
- Five stocks we like better than Take-Two Interactive Software
- The “Duck Stock” Keeps Quietly Making Money for Shareholders
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
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.
