Gables Capital Management Inc. purchased a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,467 shares of the company’s stock, valued at approximately $3,117,000. Take-Two Interactive Software makes up about 1.1% of Gables Capital Management Inc.’s portfolio, making the stock its 25th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $4,560,679,000. Norges Bank acquired a new stake in Take-Two Interactive Software during the 4th quarter worth $735,389,000. Bank of New York Mellon Corp acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $234,774,000. Deutsche Bank AG purchased a new stake in shares of Take-Two Interactive Software during the second quarter worth $205,858,000. Finally, AQR Capital Management LLC grew its holdings in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after buying an additional 704,316 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Price Performance
Shares of TTWO opened at $242.40 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $45.32 billion, a PE ratio of -140.11, a P/E/G ratio of 1.70 and a beta of 0.97. The firm has a 50-day simple moving average of $240.32 and a two-hundred day simple moving average of $221.50. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94.
Insider Activity
In other news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Strauss Zelnick sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $252.64, for a total value of $10,105,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 610,759 shares of company stock worth $138,737,789 over the last three months. Company insiders own 1.12% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on TTWO. Roth Capital raised their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. UBS Group reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Bank of America boosted their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Buy” and a consensus price target of $296.95.
View Our Latest Stock Report on TTWO
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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