Lazard Asset Management LLC Increases Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Lazard Asset Management LLC boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 111.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 213,026 shares of the company’s stock after buying an additional 112,118 shares during the quarter. Lazard Asset Management LLC’s holdings in Take-Two Interactive Software were worth $42,073,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $28,000. MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $34,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $34,000. Finally, Reflection Asset Management purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $40,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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Take-Two Interactive Software Stock Up 1.5%

Shares of NASDAQ:TTWO opened at $247.62 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The stock has a market capitalization of $45.98 billion, a P/E ratio of -152.85, a PEG ratio of 4.68 and a beta of 0.96. The stock has a 50-day simple moving average of $233.84 and a 200-day simple moving average of $221.60.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the business’s stock in a transaction that occurred 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 chief executive officer owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 569,936 shares of company stock valued at $128,431,438 over the last quarter. 1.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTWO shares. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a research report on Monday. Bank of America increased their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.44.

Read Our Latest Stock Report on TTWO

Take-Two Interactive Software Profile

(Free Report)

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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