Burney Co. boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 675.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,216 shares of the company’s stock after acquiring an additional 6,285 shares during the period. Burney Co.’s holdings in Take-Two Interactive Software were worth $1,425,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Norges Bank bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $735,389,000. AQR Capital Management LLC grew its position in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after purchasing an additional 568,263 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares during the last quarter. Finally, Amundi lifted its position in shares of Take-Two Interactive Software by 35.4% in the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock worth $462,352,000 after buying an additional 472,383 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.
Insider Activity
In related news, President Karl Slatoff sold 208,969 shares of the 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 president owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the sale, the director owned 22,368 shares in the company, valued at $4,814,040.96. The trade was a 2.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 570,349 shares of company stock worth $128,517,202. Company insiders own 1.34% of the company’s stock.
Take-Two Interactive Software Trading Down 2.5%
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price target on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America upped their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. BMO Capital Markets raised their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.
View Our Latest Research Report on Take-Two Interactive Software
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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