USS Investment Management Ltd grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 9.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 32,211 shares of the company’s stock after purchasing an additional 2,683 shares during the quarter. USS Investment Management Ltd’s holdings in Take-Two Interactive Software were worth $6,360,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after purchasing an additional 45 shares during the last quarter. First Horizon Corp increased its stake in Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after purchasing an additional 46 shares in the last quarter. Hunter Associates Investment Management LLC raised its holdings in shares of Take-Two Interactive Software by 0.4% in 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 last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after buying an additional 48 shares during the period. Finally, Independence Bank of Kentucky lifted its stake in shares of Take-Two Interactive Software by 3.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock worth $363,000 after buying an additional 50 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the sale, the insider directly owned 113,988 shares in the company, valued at $26,217,240. The trade was a 3.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 570,015 shares of company stock worth $128,432,857. Corporate insiders own 1.34% of the company’s stock.
Take-Two Interactive Software Stock Up 1.9%
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TTWO. DA Davidson restated a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Bank of America raised their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $292.88.
Read Our Latest Stock Analysis on TTWO
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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