SeaTown Holdings Pte. Ltd. grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 61.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,600 shares of the company’s stock after buying an additional 24,250 shares during the quarter. Take-Two Interactive Software accounts for about 9.6% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 3rd largest holding. SeaTown Holdings Pte. Ltd.’s holdings in Take-Two Interactive Software were worth $15,899,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. LBP AM SA grew its holdings in Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after acquiring an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,920 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after purchasing an additional 14,050 shares in the last quarter. Fiera Capital Corp lifted its position in shares of Take-Two Interactive Software by 33.9% during the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after purchasing an additional 16,314 shares during the last quarter. Finally, Swedbank AB grew its stake in Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after purchasing an additional 9,556 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Performance
Shares of NASDAQ TTWO opened at $241.91 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $238.48 and its two-hundred day moving average price is $221.53. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The stock has a market capitalization of $45.23 billion, a P/E ratio of -139.83, a P/E/G ratio of 1.68 and a beta of 0.97.
Insider Buying and Selling
In related news, President Karl Slatoff sold 208,969 shares of the business’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 transaction of $47,507,012.46. Following the completion of the transaction, the president owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 609,936 shares of company stock worth $138,537,038. 1.12% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts have commented on TTWO shares. Wells Fargo & Company increased their target price on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday. Zacks Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. started coverage on Take-Two Interactive Software in a research report on Tuesday. They set an “overweight” rating and a $310.00 price target on the stock. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $296.95.
Check Out Our Latest Analysis 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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