Take-Two Interactive Software, Inc. $TTWO Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 64,965 shares of the company’s stock after acquiring an additional 10,456 shares during the quarter. iA Global Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $16,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $28,000. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $34,000. True Wealth Design LLC raised its position 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 purchasing an additional 68 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $40,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports 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 target price on the stock in a research report on Tuesday, February 10th. Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.93.

Insider Activity

In related news, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction 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 transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $415,320. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 52,054 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total value of $11,160,377.60. Following the transaction, the chief executive officer directly owned 178,702 shares in the company, valued at $38,313,708.80. The trade was a 22.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,292 shares of company stock valued at $13,978,938 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Up 0.0%

Shares of NASDAQ TTWO opened at $242.44 on Friday. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The company has a market cap of $44.90 billion, a price-to-earnings ratio of -10.83, a P/E/G ratio of 3.62 and a beta of 0.97. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $209.44 and a 200-day simple moving average of $226.46.

Take-Two Interactive Software 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.