Pittenger & Anderson Inc. boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 124.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,543 shares of the company’s stock after acquiring an additional 855 shares during the period. Pittenger & Anderson Inc.’s holdings in Take-Two Interactive Software were worth $375,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Nuveen LLC purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter worth approximately $288,410,000. Price T Rowe Associates Inc. MD grew its position in shares of Take-Two Interactive Software by 425.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,431,310 shares of the company’s stock valued at $296,640,000 after buying an additional 1,158,783 shares during the last quarter. Contour Asset Management LLC purchased a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $180,701,000. Assenagon Asset Management S.A. grew its position in shares of Take-Two Interactive Software by 107.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,001,531 shares of the company’s stock valued at $243,222,000 after buying an additional 519,518 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Take-Two Interactive Software by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company’s stock valued at $4,117,123,000 after buying an additional 506,026 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Down 0.8%
TTWO stock opened at $260.28 on Wednesday. Take-Two Interactive Software, Inc. has a one year low of $156.52 and a one year high of $264.79. The stock has a market capitalization of $48.01 billion, a PE ratio of -10.87, a price-to-earnings-growth ratio of 5.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $246.47 and a 200-day moving average of $234.17.
Insider Buying and Selling
In related news, Director Laverne Evans Srinivasan sold 2,325 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $528,867.75. Following the completion of the sale, the director owned 9,063 shares in the company, valued at $2,061,560.61. This trade represents a 20.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel P. Emerson sold 22,479 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the completion of the sale, the insider owned 129,792 shares of the company’s stock, valued at $29,523,786.24. This trade represents a 14.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,822 shares of company stock worth $32,540,844. 1.34% of the stock is currently owned by insiders.
Analysts Set New Price Targets
TTWO has been the topic of a number of recent analyst reports. Raymond James Financial increased their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. increased their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Wedbush increased their target price on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, October 8th. Finally, DA Davidson increased their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Nineteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.85.
Read Our Latest Stock Analysis on TTWO
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
Recommended Stories
- Five stocks we like better than Take-Two Interactive Software
- 5 Top Rated Dividend Stocks to Consider
- 2 Ways to Trade Qualcomm Ahead of November’s Earnings
- What Is WallStreetBets and What Stocks Are They Targeting?
- Lululemon: 2 Signs the Bottom Is In, and 1 Sign It Isn’t
- 3 Warren Buffett Stocks to Buy Now
- Got 1K to Invest? These 3 Stocks Are Still Attractive Buys
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.
