Principal Financial Group Inc. Sells 2,947 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Principal Financial Group Inc. lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 186,549 shares of the company’s stock after selling 2,947 shares during the quarter. Principal Financial Group Inc.’s holdings in Take-Two Interactive Software were worth $34,340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock worth $3,157,000 after purchasing an additional 57 shares in the last quarter. Principal Securities Inc. raised its position in Take-Two Interactive Software by 6.0% in the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company’s stock worth $189,000 after purchasing an additional 58 shares in the last quarter. Y.D. More Investments Ltd raised its position in Take-Two Interactive Software by 2.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company’s stock worth $563,000 after purchasing an additional 61 shares in the last quarter. Hartford Investment Management Co. raised its position in Take-Two Interactive Software by 0.7% in the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after purchasing an additional 74 shares in the last quarter. Finally, Huntington National Bank raised its position in Take-Two Interactive Software by 9.3% in the third quarter. Huntington National Bank now owns 896 shares of the company’s stock worth $138,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $215.00 price target on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Benchmark reaffirmed a “buy” rating and set a $225.00 price objective (up previously from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. DA Davidson assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday. They set a “buy” rating and a $250.00 price objective for the company. Finally, Robert W. Baird raised their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.55.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $211.65 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $218.75. The firm has a market cap of $37.36 billion, a P/E ratio of -9.92, a P/E/G ratio of 6.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $190.64 and a 200 day simple moving average of $172.89.

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.