Allstate Corp Acquires 8,205 Shares of Take-Two Interactive Software, Inc. $TTWO

Allstate Corp increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 111.2% in the fourth quarter, HoldingsChannel reports. The firm owned 15,583 shares of the company’s stock after purchasing an additional 8,205 shares during the period. Allstate Corp’s holdings in Take-Two Interactive Software were worth $3,990,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Take-Two Interactive Software in the third quarter valued at about $26,000. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $28,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. True Wealth Design LLC lifted its stake in shares of Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after buying an additional 68 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Take-Two Interactive Software in the third quarter valued at about $41,000. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $218.46 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.14. The firm has a market cap of $40.45 billion, a P/E ratio of -134.85, a P/E/G ratio of 3.37 and a beta of 0.97. The firm has a 50 day simple moving average of $212.74 and a 200 day simple moving average of $225.01. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

Analyst Ratings Changes

A number of brokerages have commented on TTWO. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research note on Tuesday, February 10th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, DA Davidson restated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $287.53.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,390 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the sale, the director owned 21,525 shares of the company’s stock, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel P. Emerson sold 810 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the completion of the sale, the insider directly owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. This represents a 0.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 63,026 shares of company stock worth $13,503,428. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software 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.