Adams Diversified Equity Fund Inc. Makes New $13.62 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Adams Diversified Equity Fund Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 53,200 shares of the company’s stock, valued at approximately $13,621,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter worth $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $28,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $34,000. True Wealth Design LLC boosted its position in shares of Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after acquiring an additional 68 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TTWO. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company reduced their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Finally, Piper Sandler restated a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $211.75 on Friday. The company has a market cap of $39.32 billion, a P/E ratio of -130.71, a P/E/G ratio of 4.19 and a beta of 0.98. 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 stock has a 50-day moving average of $217.25 and a two-hundred day moving average of $223.39. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $415,320. The trade was a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 560,588 shares of company stock worth $126,322,522 over the last 90 days. 1.34% of the stock is owned by insiders.

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.