Blair William & Co. IL Grows Stake in Take-Two Interactive Software, Inc. $TTWO

Blair William & Co. IL lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,422 shares of the company’s stock after purchasing an additional 2,362 shares during the quarter. Blair William & Co. IL’s holdings in Take-Two Interactive Software were worth $9,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $26,000. Pinnacle Bancorp Inc. bought a new position in Take-Two Interactive Software in the 3rd quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC bought a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its stake in Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTWO. Morgan Stanley boosted their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a report on Monday, December 1st. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Finally, B. Riley Financial started coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Trading Up 1.5%

NASDAQ:TTWO opened at $214.63 on Tuesday. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. The business has a fifty day moving average price of $225.03 and a 200-day moving average price of $239.58. The firm has a market capitalization of $39.75 billion, a price-to-earnings ratio of -9.59, a price-to-earnings-growth ratio of 8.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 7,946 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer owned 170,756 shares of the company’s stock, valued at $36,569,104.96. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 810 shares of Take-Two Interactive Software stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the transaction, the insider directly owned 124,191 shares in the company, valued at approximately $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 64,880 shares of company stock valued at $13,908,337. 1.34% of the stock is currently owned by corporate insiders.

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.