Rakuten Investment Management Inc. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,943 shares of the company’s stock, valued at approximately $10,613,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC increased its stake in Take-Two Interactive Software by 3.6% in the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after buying an additional 48 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its stake in shares of Take-Two Interactive Software by 5.7% in the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock worth $190,000 after acquiring an additional 52 shares during the period. Huntington National Bank boosted its holdings in shares of Take-Two Interactive Software by 4.5% in the fourth quarter. Huntington National Bank now owns 1,335 shares of the company’s stock valued at $342,000 after acquiring an additional 57 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Take-Two Interactive Software by 12.4% in the fourth quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $137,000 after acquiring an additional 59 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Take-Two Interactive Software by 6.0% during the fourth quarter. Ballentine Partners LLC now owns 1,063 shares of the company’s stock worth $272,000 after acquiring an additional 60 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.
Take-Two Interactive Software Stock Performance
NASDAQ TTWO opened at $235.39 on Friday. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The company has a market capitalization of $44.01 billion, a P/E ratio of -136.06, a PEG ratio of 1.56 and a beta of 0.97. The business has a 50 day moving average price of $242.28 and a 200 day moving average price of $222.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.
More Take-Two Interactive Software News
Here are the key news stories impacting Take-Two Interactive Software this week:
- Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
- Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
- Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
- Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
- Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
- Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
- Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research
Analysts Set New Price Targets
TTWO has been the topic of a number of analyst reports. Roth Capital lifted their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 10th. Robert W. Baird raised their price target on Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Raymond James Financial set a $300.00 price objective on Take-Two Interactive Software in a report on Thursday, August 6th. DA Davidson reiterated 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. Finally, Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $296.95.
Check Out Our Latest Stock Analysis on Take-Two Interactive Software
Insider Transactions at Take-Two Interactive Software
In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 362 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the completion of the transaction, the director directly owned 8,357 shares in the company, valued at approximately $2,047,548.57. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $242.34, for a total transaction of $80,941.56. Following the transaction, the director owned 1,666 shares of the company’s stock, valued at approximately $403,738.44. The trade was a 16.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 540,759 shares of company stock worth $123,183,789 in the last 90 days. Insiders own 1.12% of the company’s stock.
About Take-Two Interactive Software
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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