Ontario Teachers Pension Plan Board acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 148,373 shares of the company’s stock, valued at approximately $37,090,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter worth approximately $425,000. Empowered Funds LLC lifted its stake in Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after purchasing an additional 388 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Take-Two Interactive Software during the second quarter valued at $2,747,000. Finally, Jump Financial LLC grew its holdings in Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after purchasing an additional 3,650 shares during the period. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Performance
Shares of TTWO opened at $242.40 on Wednesday. The company has a market cap of $45.32 billion, a PE ratio of -140.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $240.32 and a 200-day moving average price of $221.50. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.
Insider Activity at Take-Two Interactive Software
In other news, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction 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 sale, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% 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. Insiders sold 610,759 shares of company stock worth $138,737,789 in the last 90 days. 1.12% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
TTWO has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Roth Capital lifted their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a research note on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 price objective on the stock. Finally, UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $296.95.
Read Our Latest 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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