Sterling Capital Management LLC Acquires 36,510 Shares of Take-Two Interactive Software, Inc. $TTWO

Sterling Capital Management LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 47.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,066 shares of the company’s stock after acquiring an additional 36,510 shares during the quarter. Sterling Capital Management LLC owned approximately 0.06% of Take-Two Interactive Software worth $22,528,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TTWO. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $28,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $34,000. MV Capital Management Inc. bought a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $34,000. Finally, True Wealth Design LLC lifted its stake in shares of Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after acquiring an additional 68 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets boosted 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. Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BTIG Research began coverage on Take-Two Interactive Software in a report on Wednesday. They set a “buy” rating and a $290.00 price target on the stock. Finally, Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.71.

Insider Transactions at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director directly owned 21,868 shares of the company’s stock, valued at $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 570,015 shares of company stock worth $128,432,857. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $238.53 on Friday. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of -147.24, a P/E/G ratio of 4.72 and a beta of 0.98. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The company’s fifty day moving average is $223.96 and its 200 day moving average is $222.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

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.