Bellwether Advisors LLC Has $5.45 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Bellwether Advisors LLC grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 87.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 21,100 shares of the company’s stock after buying an additional 9,835 shares during the period. Take-Two Interactive Software makes up 0.9% of Bellwether Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Bellwether Advisors LLC’s holdings in Take-Two Interactive Software were worth $5,451,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TTWO. Norges Bank acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $731,047,000. Vanguard Group Inc. grew its stake in shares of Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after purchasing an additional 932,659 shares during the period. Invesco Ltd. lifted its position in shares of Take-Two Interactive Software by 17.3% during the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after buying an additional 515,484 shares during the period. Voya Investment Management LLC raised its stake in Take-Two Interactive Software by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock worth $371,558,000 after acquiring an additional 410,097 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Take-Two Interactive Software by 3.8% during the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after acquiring an additional 389,321 shares during the period. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 1.5%

Shares of TTWO stock opened at $217.05 on Wednesday. The firm has a market capitalization of $40.19 billion, a P/E ratio of -9.70, a PEG ratio of 8.76 and a beta of 0.94. The firm’s fifty day moving average price is $228.24 and its two-hundred day moving average price is $240.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTWO. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, February 10th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $284.81.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following the transaction, the director directly owned 65,626 shares in the company, valued at approximately $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director directly owned 2,429 shares in the company, valued at $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,490 shares of company stock worth $750,049 over the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software 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.