Take-Two Interactive Software, Inc. $TTWO Shares Bought by Inceptionr LLC

Inceptionr LLC raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 650.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,820 shares of the company’s stock after buying an additional 7,645 shares during the period. Inceptionr LLC’s holdings in Take-Two Interactive Software were worth $1,742,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. LBP AM SA increased its holdings in Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after purchasing an additional 48,384 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after buying an additional 4,920 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Take-Two Interactive Software by 45.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after buying an additional 14,050 shares during the period. Fiera Capital Corp grew its position in shares of Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after buying an additional 16,314 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after buying an additional 9,556 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the firm’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 president owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 569,936 shares of company stock worth $128,431,438 over the last ninety days. 1.34% of the stock is owned by corporate insiders.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $230.25 on Friday. The firm has a market cap of $42.75 billion, a PE ratio of -142.13, a price-to-earnings-growth ratio of 4.48 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The business’s 50 day moving average price is $233.83 and its two-hundred day moving average price is $221.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTWO. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. BMO Capital Markets increased their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BTIG Research reaffirmed a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $294.44.

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.