Eurizon Capital SGR S.p.A. bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 52,378 shares of the company’s stock, valued at approximately $13,442,000.
A number of other large investors also recently modified their holdings of TTWO. Vanguard Group Inc. boosted its position in shares of Take-Two Interactive Software by 4.5% in the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after acquiring an additional 932,659 shares during the period. Bessemer Group Inc. boosted its position in shares of Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after acquiring an additional 505,000 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Take-Two Interactive Software in the third quarter valued at approximately $112,847,000. State Street Corp boosted its position in shares of Take-Two Interactive Software by 4.1% in the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after acquiring an additional 429,083 shares during the period. Finally, Amundi boosted its position in shares of Take-Two Interactive Software by 46.4% in the third quarter. Amundi now owns 1,333,469 shares of the company’s stock valued at $342,675,000 after acquiring an additional 422,510 shares during the period. 95.46% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
TTWO has been the subject of a number of research analyst reports. Raymond James Financial upgraded 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 report on Tuesday, February 10th. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $287.53.
Insider Buying and Selling
In related news, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was 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 in the company, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $222.20, for a total value of $15,554,000.00. The SEC filing for this sale provides additional information. Insiders sold 80,162 shares of company stock worth $17,724,140 in the last quarter. 1.34% of the stock is owned by insiders.
Take-Two Interactive Software Stock Performance
Shares of TTWO opened at $224.16 on Monday. The company has a market cap of $41.62 billion, a PE ratio of -138.37, a price-to-earnings-growth ratio of 3.42 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $213.37 and a 200-day moving average price of $224.84. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.
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.
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