Legacy Trust cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,304 shares of the company’s stock after selling 1,575 shares during the quarter. Take-Two Interactive Software comprises approximately 1.4% of Legacy Trust’s holdings, making the stock its 27th largest position. Legacy Trust’s holdings in Take-Two Interactive Software were worth $5,902,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Take-Two Interactive Software by 2.6% in the first quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company’s stock worth $4,117,123,000 after buying an additional 506,026 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Take-Two Interactive Software by 1.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company’s stock worth $1,110,510,000 after buying an additional 89,093 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Take-Two Interactive Software by 11.0% in the first quarter. Invesco Ltd. now owns 2,975,192 shares of the company’s stock worth $616,609,000 after buying an additional 294,378 shares during the last quarter. First Manhattan CO. LLC. lifted its stake in shares of Take-Two Interactive Software by 6.5% in the first quarter. First Manhattan CO. LLC. now owns 2,397,679 shares of the company’s stock worth $496,919,000 after buying an additional 147,077 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in shares of Take-Two Interactive Software by 22.8% in the second quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock worth $437,514,000 after buying an additional 334,946 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Take-Two Interactive Software Stock Up 0.3%
Shares of NASDAQ TTWO opened at $257.68 on Friday. The firm’s 50-day simple moving average is $238.32 and its 200 day simple moving average is $230.17. The company has a market cap of $47.53 billion, a price-to-earnings ratio of -10.76, a price-to-earnings-growth ratio of 5.47 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72. Take-Two Interactive Software, Inc. has a 12-month low of $147.78 and a 12-month high of $261.47.
Insider Buying and Selling at Take-Two Interactive Software
In related news, Director Laverne Evans Srinivasan sold 2,325 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $528,867.75. Following the transaction, the director owned 9,063 shares in the company, valued at $2,061,560.61. This represents a 20.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 22,479 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the transaction, the insider owned 129,792 shares in the company, valued at approximately $29,523,786.24. This trade represents a 14.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 141,825 shares of company stock worth $32,532,671 over the last quarter. Corporate insiders own 1.34% of the company’s stock.
Wall Street Analysts Forecast Growth
TTWO has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Benchmark boosted their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Saturday, September 27th. Citigroup boosted their price objective on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, CICC Research assumed coverage on shares of Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 target price on the stock. Nineteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $249.50.
Get Our Latest Report on Take-Two Interactive Software
Take-Two Interactive Software Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
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