Take-Two Interactive Software, Inc. $TTWO Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 109.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,000 shares of the company’s stock after acquiring an additional 11,997 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Take-Two Interactive Software were worth $5,889,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after acquiring an additional 45 shares during the period. Compagnie Lombard Odier SCmA lifted its holdings in Take-Two Interactive Software by 28.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after acquiring an additional 46 shares during the period. First Horizon Corp lifted its holdings in Take-Two Interactive Software by 26.4% in the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after acquiring an additional 46 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in Take-Two Interactive Software by 0.4% in the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after acquiring an additional 48 shares during the period. Finally, RFG Advisory LLC lifted its holdings in Take-Two Interactive Software by 5.1% in the third quarter. RFG Advisory LLC now owns 1,037 shares of the company’s stock valued at $268,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the subject of several research reports. Wedbush reaffirmed 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. Wells Fargo & Company cut their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $287.06.

Insider Activity

In related news, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the completion of the sale, the president owned 40,358 shares in the company, valued at approximately $8,720,960.22. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laverne Evans Srinivasan sold 373 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $229.35, for a total value of $85,547.55. Following the sale, the director owned 8,719 shares of the company’s stock, valued at approximately $1,999,702.65. This represents a 4.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 560,588 shares of company stock worth $126,322,522 in the last quarter. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Down 0.7%

NASDAQ:TTWO opened at $210.46 on Thursday. The company has a market capitalization of $39.08 billion, a PE ratio of -129.91, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The stock has a fifty day simple moving average of $216.69 and a 200-day simple moving average of $223.63.

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.