ABN Amro Investment Solutions bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,345 shares of the company’s stock, valued at approximately $2,027,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Candriam S.C.A. grew its holdings in shares of Take-Two Interactive Software by 18.8% in the second quarter. Candriam S.C.A. now owns 17,083 shares of the company’s stock worth $4,149,000 after acquiring an additional 2,698 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its position in Take-Two Interactive Software by 8.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 27,229 shares of the company’s stock worth $6,613,000 after purchasing an additional 2,163 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Take-Two Interactive Software by 8.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock valued at $1,124,088,000 after purchasing an additional 378,371 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Take-Two Interactive Software by 10.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 26,390 shares of the company’s stock valued at $6,409,000 after purchasing an additional 2,561 shares during the last quarter. Finally, Tobam increased its position in shares of Take-Two Interactive Software by 141.6% during the 2nd quarter. Tobam now owns 244 shares of the company’s stock valued at $59,000 after purchasing an additional 143 shares during the last quarter. 95.46% of the stock is owned by institutional investors.
Take-Two Interactive Software Stock Down 1.1%
Shares of TTWO opened at $235.03 on Friday. The business’s 50 day moving average is $251.73 and its 200 day moving average is $238.88. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. Take-Two Interactive Software, Inc. has a 12-month low of $176.68 and a 12-month high of $264.79. The company has a market capitalization of $43.43 billion, a PE ratio of -9.82, a price-to-earnings-growth ratio of 5.10 and a beta of 1.00.
Insider Buying and Selling
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 22,479 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $5,113,298.13. Following the sale, the insider owned 129,792 shares in the company, valued at $29,523,786.24. The trade was a 14.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $528,867.75. Following the transaction, the director directly owned 9,063 shares of the company’s stock, valued at $2,061,560.61. This trade represents a 20.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 140,822 shares of company stock worth $32,309,514 in the last 90 days. 1.34% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on TTWO. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. CICC Research started coverage on shares of Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price objective for the company. UBS Group upped their price objective on Take-Two Interactive Software from $285.00 to $292.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Benchmark lifted their target price on Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.45.
Read Our Latest Report on Take-Two Interactive Software
About Take-Two Interactive Software
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
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