Pacer Advisors Inc. cut its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 44.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 15,451 shares of the company’s stock after selling 12,147 shares during the quarter. Pacer Advisors Inc.’s holdings in Take-Two Interactive Software were worth $3,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of TTWO. Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after acquiring an additional 166,661 shares during the period. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after purchasing an additional 390,331 shares during the last quarter. Geode Capital Management LLC lifted its position in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the period. Invesco Ltd. lifted its position in Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after purchasing an additional 16,758 shares during the period. Finally, Norges Bank purchased a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $735,389,000. 95.46% of the stock is currently owned by institutional investors.
Take-Two Interactive Software Stock Performance
Shares of NASDAQ TTWO opened at $232.47 on Friday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The firm has a market capitalization of $43.47 billion, a price-to-earnings ratio of -143.50, a price-to-earnings-growth ratio of 4.37 and a beta of 0.97. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $235.89 and a 200 day moving average of $221.32.
Insider Buying and Selling at Take-Two Interactive Software
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on TTWO shares. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, June 15th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company upped their price objective on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, BTIG Research reissued a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Buy” and a consensus target price of $295.38.
Read Our Latest Analysis on Take-Two Interactive Software
Take-Two Interactive Software Company 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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