Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,303 shares of the company’s stock, valued at approximately $4,825,000.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $4,560,679,000. Norges Bank bought a new stake in Take-Two Interactive Software during the fourth quarter valued at about $735,389,000. Bank of New York Mellon Corp bought a new stake in Take-Two Interactive Software during the second quarter valued at about $234,774,000. Deutsche Bank AG acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $205,858,000. Finally, AQR Capital Management LLC grew its position in shares of Take-Two Interactive Software by 162.1% in 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 during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Take-Two Interactive Software Stock Performance
NASDAQ:TTWO opened at $233.00 on Friday. The firm’s 50-day moving average is $242.36 and its 200-day moving average is $222.68. The company has a market cap of $43.57 billion, a price-to-earnings ratio of -134.68, a PEG ratio of 1.55 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94.
Analyst Ratings Changes
Several equities analysts recently weighed in on TTWO shares. Wells Fargo & Company boosted their price objective on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. BTIG Research lifted their price target on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $296.95.
Insider Activity
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of the firm’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 value of $47,507,012.46. Following the completion of the sale, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. 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. Over the last ninety days, insiders sold 540,759 shares of company stock valued at $123,183,789. Corporate insiders own 1.12% of the company’s stock.
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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