Capital International Investors Buys 2,900 Shares of Take-Two Interactive Software, Inc. $TTWO

Capital International Investors grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,181,044 shares of the company’s stock after buying an additional 2,900 shares during the period. Capital International Investors owned 0.64% of Take-Two Interactive Software worth $302,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $34,000. True Wealth Design LLC raised its position in shares of Take-Two Interactive Software by 91.9% during 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 last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $41,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $214.39 on Monday. The company’s fifty day moving average is $215.54 and its 200 day moving average is $224.20. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The stock has a market capitalization of $39.81 billion, a PE ratio of -132.34, a P/E/G ratio of 3.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Piper Sandler assumed coverage on shares of Take-Two Interactive Software in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $280.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, 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 on the stock in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Insider Buying and Selling

In related news, President Karl Slatoff sold 40,358 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22. Following the sale, the president owned 40,358 shares in the company, valued at approximately $8,720,960.22. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 550,597 shares of company stock valued at $124,180,972 in the last three months. Corporate insiders own 1.34% of the company’s stock.

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.