TimesSquare Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,479 shares of the company’s stock after purchasing an additional 3,340 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.11% of Take-Two Interactive Software worth $47,472,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Take-Two Interactive Software by 21.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock valued at $72,317,000 after buying an additional 52,524 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Take-Two Interactive Software by 22.8% during the 2nd quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock valued at $437,514,000 after acquiring an additional 334,946 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of Take-Two Interactive Software by 79.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock valued at $547,000 after acquiring an additional 995 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Take-Two Interactive Software by 14.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,829 shares of the company’s stock worth $4,939,000 after purchasing an additional 2,946 shares during the last quarter. Finally, Swedbank AB boosted its position in Take-Two Interactive Software by 9.8% during the first quarter. Swedbank AB now owns 115,042 shares of the company’s stock worth $23,842,000 after purchasing an additional 10,305 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Up 2.8%
NASDAQ TTWO opened at $240.70 on Wednesday. The firm has a 50-day simple moving average of $251.85 and a 200 day simple moving average of $238.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $44.40 billion, a PE ratio of -10.05, a PEG ratio of 5.10 and a beta of 1.00. Take-Two Interactive Software, Inc. has a twelve month low of $176.68 and a twelve month high of $264.79.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on TTWO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. Arete Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Wells Fargo & Company boosted their target price on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Benchmark lifted their price objective on Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, Arete downgraded Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $259.45.
View Our Latest Stock Analysis on TTWO
Insider Activity
In related news, insider Daniel P. Emerson sold 22,479 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 $5,113,298.13. Following the transaction, the insider owned 129,792 shares in the company, valued at $29,523,786.24. This represents a 14.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Karl Slatoff sold 48,995 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.68, for a total transaction of $11,155,181.60. The SEC filing for this sale provides additional information. Insiders sold a total of 141,822 shares of company stock worth $32,540,844 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.
Take-Two Interactive Software Company 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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