Capital World Investors Has $565.84 Million Position in Take-Two Interactive Software, Inc. $TTWO

Capital World Investors lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,190,104 shares of the company’s stock after selling 338,084 shares during the quarter. Capital World Investors owned about 1.19% of Take-Two Interactive Software worth $565,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTWO. Norges Bank acquired a new position in Take-Two Interactive Software in the second quarter worth about $731,047,000. Vanguard Group Inc. raised its position 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 valued at $5,606,808,000 after purchasing an additional 932,659 shares during the last quarter. Invesco Ltd. lifted its position in Take-Two Interactive Software by 17.3% during the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after buying an additional 515,484 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Take-Two Interactive Software by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock worth $371,558,000 after purchasing an additional 410,097 shares in the last quarter. Finally, State Street Corp boosted its position in Take-Two Interactive Software by 3.8% in the 2nd quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after buying an additional 389,321 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director owned 2,429 shares in the company, valued at $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel P. Emerson sold 1,698 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the sale, the insider directly owned 125,001 shares in the company, valued at approximately $26,702,713.62. The trade was a 1.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 64,880 shares of company stock valued at $13,908,337. 1.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TTWO shares. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research note on Tuesday, February 10th. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Morgan Stanley boosted their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, B. Riley Financial began coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $209.08 on Wednesday. The business has a fifty day simple moving average of $224.05 and a 200 day simple moving average of $239.44. The company has a market cap of $38.72 billion, a P/E ratio of -9.34, a P/E/G ratio of 8.79 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a twelve month low of $188.56 and a twelve month high of $264.79.

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.