USS Investment Management Ltd Acquires 2,683 Shares of Take-Two Interactive Software, Inc. $TTWO

USS Investment Management Ltd boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,211 shares of the company’s stock after acquiring an additional 2,683 shares during the quarter. USS Investment Management Ltd’s holdings in Take-Two Interactive Software were worth $6,360,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. LBP AM SA grew its stake in Take-Two Interactive Software by 298.2% in the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after acquiring an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Take-Two Interactive Software by 597.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after acquiring an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Take-Two Interactive Software by 45.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after purchasing an additional 14,050 shares during the period. Fiera Capital Corp boosted its holdings in shares of Take-Two Interactive Software by 33.9% in the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after purchasing an additional 16,314 shares during the period. Finally, Swedbank AB grew its stake in Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after purchasing an additional 9,556 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Up 1.9%

Shares of NASDAQ TTWO opened at $254.99 on Friday. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The business has a fifty day moving average price of $226.80 and a 200 day moving average price of $222.67. The stock has a market capitalization of $47.34 billion, a P/E ratio of -157.40, a price-to-earnings-growth ratio of 4.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TTWO shares. Bank of America raised their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets upped their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. BTIG Research reiterated a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a report on Thursday. Finally, Wells Fargo & Company cut their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.88.

Insiders Place Their Bets

In other news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director owned 21,868 shares of the company’s stock, valued at $5,349,131.48. The trade was a 2.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Karl Slatoff sold 40,358 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the sale, the president directly owned 40,358 shares of the company’s stock, valued at $8,720,960.22. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 570,015 shares of company stock worth $128,432,857. Insiders own 1.34% of the company’s stock.

About Take-Two Interactive Software

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.