Principal Financial Group Inc. Has $38.83 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Principal Financial Group Inc. raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,588 shares of the company’s stock after buying an additional 3,740 shares during the period. Principal Financial Group Inc. owned about 0.11% of Take-Two Interactive Software worth $38,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new position in Take-Two Interactive Software in the 1st quarter valued at about $425,000. Empowered Funds LLC increased its holdings in Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth approximately $2,747,000. Finally, Jump Financial LLC lifted its holdings in shares of Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after purchasing an additional 3,650 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Down 1.2%

Shares of Take-Two Interactive Software stock opened at $236.68 on Friday. The stock has a fifty day moving average price of $233.39 and a 200-day moving average price of $222.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $43.94 billion, a PE ratio of -146.10, a P/E/G ratio of 4.54 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94.

Analyst Upgrades and Downgrades

TTWO has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Bank of America lifted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $293.00.

Insider Buying and Selling at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 4,419 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the sale, the insider owned 113,988 shares in the company, valued at $26,217,240. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the sale, the director directly owned 1,833 shares in the company, valued at $462,887.49. This trade represents a 15.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 569,936 shares of company stock valued at $128,431,438 in the last three months. 1.34% of the stock is 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.