National Pension Service raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 10.0% in the 2nd quarter, Holdings Channel reports. The firm owned 321,495 shares of the company’s stock after acquiring an additional 29,189 shares during the period. National Pension Service’s holdings in Take-Two Interactive Software were worth $80,367,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $25,000. Mosley Wealth Management raised its holdings in shares of Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after buying an additional 80 shares in the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 116.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after buying an additional 64 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth $32,000. Finally, Essential Partners LLC lifted its position in shares of Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.
Take-Two Interactive Software Stock Down 0.7%
Shares of TTWO opened at $215.47 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. 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 $40.29 billion, a price-to-earnings ratio of -124.55, a PEG ratio of 1.51 and a beta of 0.97. The stock has a fifty day moving average of $236.28 and a 200-day moving average of $223.89.
Insider Activity at Take-Two Interactive Software
In other news, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen Siminoff sold 334 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $242.34, for a total transaction of $80,941.56. Following the completion of the transaction, the director owned 1,666 shares of the company’s stock, valued at approximately $403,738.44. This trade represents a 16.70% 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. In the last 90 days, insiders sold 52,658 shares of company stock valued at $12,948,552. Corporate insiders own 1.12% of the company’s stock.
Analysts Set New Price Targets
TTWO has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. BTIG Research boosted their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a report on Thursday, August 6th. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $296.95.
Get Our Latest Analysis on TTWO
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.
Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga’s casual and social entertainment offerings.
Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.
Recommended Stories
- Five stocks we like better than Take-Two Interactive Software
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
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.
