Barclays PLC Boosts Position in Take-Two Interactive Software, Inc. $TTWO

Barclays PLC increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 974,584 shares of the company’s stock after buying an additional 92,716 shares during the period. Barclays PLC owned 0.53% of Take-Two Interactive Software worth $249,523,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TTWO. Norges Bank purchased a new position in Take-Two Interactive Software in the 4th quarter worth about $735,389,000. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after buying an additional 932,659 shares during the period. Alyeska Investment Group L.P. increased its stake in Take-Two Interactive Software by 44.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after buying an additional 568,263 shares during the period. Bessemer Group Inc. increased its stake in Take-Two Interactive Software by 53.1% in the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after buying an additional 505,000 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in Take-Two Interactive Software in the 3rd quarter worth about $112,847,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 8,840 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $214.00, for a total value of $1,891,760.00. Following the sale, the insider directly owned 122,828 shares in the company, valued at approximately $26,285,192. This trade represents a 6.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 firm’s stock in a transaction dated Monday, June 1st. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 560,175 shares of company stock worth $126,236,057. Insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 9th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average target price of $287.06.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $211.75 on Monday. 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 $39.32 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 quick ratio of 1.24 and a current ratio of 1.24. The company’s 50-day simple moving average is $217.25 and its 200-day simple moving average is $223.28.

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.