Candriam S.C.A. lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,385 shares of the company’s stock after selling 186 shares during the period. Candriam S.C.A.’s holdings in Take-Two Interactive Software were worth $2,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of TTWO. Park Square Financial Group LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $28,000. North Capital Inc. purchased a new position in Take-Two Interactive Software during the 1st quarter valued at $35,000. Graybill Wealth Management LTD. purchased a new position in Take-Two Interactive Software during the 1st quarter valued at $37,000. Zions Bancorporation National Association UT purchased a new position in Take-Two Interactive Software during the 1st quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company’s stock valued at $38,000 after acquiring an additional 57 shares during the period. 95.46% of the stock is currently owned by institutional investors.
Take-Two Interactive Software Trading Up 0.5%
TTWO opened at $229.03 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The firm has a market cap of $42.25 billion, a price-to-earnings ratio of -9.57, a PEG ratio of 5.73 and a beta of 0.99. Take-Two Interactive Software, Inc. has a 12 month low of $146.76 and a 12 month high of $245.07. The stock has a fifty day moving average price of $233.25 and a 200-day moving average price of $222.06.
Insider Activity
In related news, Director Michael Sheresky sold 198 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $233.47, for a total transaction of $46,227.06. Following the completion of the sale, the director directly owned 64,996 shares in the company, valued at $15,174,616.12. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total value of $528,867.75. Following the sale, the director owned 9,063 shares of the company’s stock, valued at $2,061,560.61. This trade represents a 20.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 535,789 shares of company stock worth $121,089,348 over the last ninety days. 1.34% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on TTWO shares. DA Davidson boosted their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 16th. Bank of America boosted their price objective on Take-Two Interactive Software from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 8th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, May 16th. UBS Group upped their target price on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Wedbush upped their target price on Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.60.
Get Our Latest Analysis on TTWO
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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