Take-Two Interactive Software, Inc. $TTWO Position Increased by Emerald Advisers LLC

Emerald Advisers LLC grew its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,605 shares of the company’s stock after buying an additional 2,124 shares during the quarter. Emerald Advisers LLC’s holdings in Take-Two Interactive Software were worth $2,094,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TTWO. Norges Bank acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. AQR Capital Management LLC boosted its stake in Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after purchasing an additional 704,316 shares during the period. Alyeska Investment Group L.P. boosted 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 purchasing an additional 568,263 shares during the period. Bessemer Group Inc. grew its position in Take-Two Interactive Software by 53.1% during the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares in the last quarter. Finally, Amundi grew its position in Take-Two Interactive Software by 35.4% during the 4th quarter. Amundi now owns 1,805,852 shares of the company’s stock worth $462,352,000 after purchasing an additional 472,383 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TTWO shares. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. BTIG Research reissued a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, July 2nd. Bank of America increased their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, BMO Capital Markets raised their price objective on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $293.00.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director directly owned 21,868 shares of the company’s stock, valued at $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 569,936 shares of company stock valued at $128,431,438 in the last quarter. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 2.9%

TTWO stock opened at $237.04 on Wednesday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $44.01 billion, a price-to-earnings ratio of -146.32, a PEG ratio of 4.68 and a beta of 0.96. The company has a 50 day moving average of $232.31 and a two-hundred day moving average of $222.81.

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.