Cresset Asset Management LLC grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 110.1% in the first quarter, HoldingsChannel reports. The fund owned 7,306 shares of the company’s stock after buying an additional 3,829 shares during the period. Cresset Asset Management LLC’s holdings in Take-Two Interactive Software were worth $1,514,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of TTWO. Canada Pension Plan Investment Board lifted its holdings in shares of Take-Two Interactive Software by 32.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 20,738 shares of the company’s stock valued at $3,817,000 after buying an additional 5,135 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Take-Two Interactive Software by 630.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,098 shares of the company’s stock valued at $1,123,000 after buying an additional 5,263 shares during the period. MML Investors Services LLC lifted its holdings in shares of Take-Two Interactive Software by 8.8% in the fourth quarter. MML Investors Services LLC now owns 9,793 shares of the company’s stock valued at $1,803,000 after buying an additional 795 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Take-Two Interactive Software by 3.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 12,780 shares of the company’s stock valued at $2,353,000 after buying an additional 374 shares during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Take-Two Interactive Software by 39.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 43,503 shares of the company’s stock valued at $8,008,000 after buying an additional 12,201 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Up 0.1%
Shares of Take-Two Interactive Software stock opened at $228.67 on Thursday. The stock has a 50-day moving average price of $233.40 and a 200 day moving average price of $221.46. The company has a market cap of $42.18 billion, a P/E ratio of -9.55, a P/E/G ratio of 5.74 and a beta of 0.99. 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 1 year low of $146.76 and a 1 year high of $245.07.
Insider Transactions at Take-Two Interactive Software
In related news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the sale, the director directly owned 3,290 shares of the company’s stock, valued at approximately $782,362. This represents a 11.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the president directly owned 1,206,427 shares of the company’s stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 461,990 shares of company stock worth $104,292,000. 1.34% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on TTWO shares. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Zacks Research upgraded Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Raymond James Financial upped their price objective on Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Benchmark upped their target price on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $245.60.
View Our Latest Stock Analysis on Take-Two Interactive Software
Take-Two Interactive Software Profile
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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