Modus Advisors LLC Acquires New Stake in Take-Two Interactive Software, Inc. $TTWO

Modus Advisors LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,765 shares of the company’s stock, valued at approximately $1,220,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTWO. Norges Bank purchased a new position in Take-Two Interactive Software in the 4th quarter valued at $735,389,000. Vanguard Group Inc. grew 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 buying an additional 932,659 shares during the last quarter. Bessemer Group Inc. grew its position 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 valued at $372,828,000 after buying an additional 505,000 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Take-Two Interactive Software in the 3rd quarter valued at $112,847,000. Finally, State Street Corp grew its position in Take-Two Interactive Software by 4.1% in the 3rd quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after buying an additional 429,083 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 373 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $229.35, for a total value of $85,547.55. Following the completion of the sale, the director directly owned 8,719 shares of the company’s stock, valued at approximately $1,999,702.65. The trade was a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the sale, 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 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 550,597 shares of company stock worth $124,180,972 in the last three months. 1.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $287.06.

Take-Two Interactive Software Stock Down 1.0%

TTWO opened at $214.39 on Friday. The firm has a market cap of $39.81 billion, a P/E ratio of -132.34, a PEG ratio of 3.27 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. 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 business’s fifty day simple moving average is $215.54 and its 200 day simple moving average is $224.26.

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.