Principal Financial Group Inc. raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 1.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 196,588 shares of the company’s stock after acquiring an additional 3,740 shares during the period. Principal Financial Group Inc.’s holdings in Take-Two Interactive Software were worth $38,826,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. grew its stake in Take-Two Interactive Software by 30.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 45 shares in the last quarter. First Horizon Corp lifted its position in shares of 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 acquiring an additional 46 shares in the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of 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 acquiring an additional 48 shares in the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after acquiring an additional 48 shares during the period. Finally, Independence Bank of Kentucky boosted its holdings in shares of Take-Two Interactive Software by 3.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock worth $363,000 after acquiring an additional 50 shares during the period. Institutional investors own 95.46% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on TTWO. BMO Capital Markets boosted their price objective on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. BTIG Research reaffirmed a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Finally, Wells Fargo & Company increased their price target on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.
Take-Two Interactive Software Trading Down 1.2%
Take-Two Interactive Software stock opened at $236.68 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The stock has a market cap of $43.94 billion, a P/E ratio of -146.10, a PEG ratio of 4.54 and a beta of 0.96. The firm’s fifty day moving average price is $233.39 and its 200-day moving average price is $222.73.
Insider Buying and Selling at Take-Two Interactive Software
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider owned 131,668 shares of the company’s stock, valued at $28,915,609.48. This trade represents a 13.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This trade represents a 17.20% 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. Insiders sold 569,936 shares of company stock valued at $128,431,438 over the last 90 days. Insiders own 1.34% of the company’s stock.
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.
Read More
- Five stocks we like better than Take-Two Interactive Software
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
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.
