OP Asset Management Ltd acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,096 shares of the company’s stock, valued at approximately $5,549,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of TTWO. Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $735,389,000. AQR Capital Management LLC grew its position in shares of Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after purchasing an additional 568,263 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares during the period. Finally, Amundi increased its holdings in shares of Take-Two Interactive Software by 35.4% in the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock worth $462,352,000 after purchasing an additional 472,383 shares during the period. Institutional investors own 95.46% of the company’s stock.
Insider Activity
In other news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider owned 113,988 shares in the company, valued at $26,217,240. This trade represents a 3.73% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 570,015 shares of company stock valued at $128,432,857. 1.34% of the stock is owned by insiders.
Take-Two Interactive Software Stock Down 0.1%
Wall Street Analysts Forecast Growth
TTWO has been the subject of several research analyst reports. DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. BTIG Research started coverage on Take-Two Interactive Software in a research note on Wednesday. They issued a “buy” rating and a $290.00 target price on the stock. Wells Fargo & Company lowered their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Bank of America boosted their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $292.71.
Get Our Latest Research Report on Take-Two Interactive Software
About Take-Two Interactive Software
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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