Korea Investment CORP acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 150,168 shares of the company’s stock, valued at approximately $37,539,000.
Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $25,000. Mosley Wealth Management boosted its holdings in shares of Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $32,000. MV Capital Management Inc. bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $34,000. Finally, Rachor Investment Advisory Services LLC bought a new position in Take-Two Interactive Software in the fourth quarter worth approximately $34,000. 95.46% of the stock is currently owned by institutional investors.
Take-Two Interactive Software Stock Down 0.2%
Take-Two Interactive Software stock opened at $239.62 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $44.80 billion, a P/E ratio of -138.51, a P/E/G ratio of 1.59 and a beta of 0.97. The business has a fifty day moving average of $241.97 and a two-hundred day moving average of $221.75. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94.
Wall Street Analyst Weigh In
TTWO has been the topic of several research reports. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price for the company. Wells Fargo & Company increased their price target on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Roth Capital raised their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Buy” and an average price target of $296.95.
Read Our Latest Stock Analysis on Take-Two Interactive Software
Insider Activity at Take-Two Interactive Software
In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 362 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $88,693.62. Following the transaction, the director owned 8,357 shares in the company, valued at $2,047,548.57. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $242.34, for a total value of $80,941.56. Following the completion of the transaction, the director owned 1,666 shares in the company, valued at $403,738.44. This trade represents a 16.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 610,759 shares of company stock valued at $138,737,789 over the last 90 days. Company insiders own 1.12% of the company’s stock.
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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