Take-Two Interactive Software, Inc. $TTWO Stake Lifted by Sei Investments Co.

Sei Investments Co. boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 24.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 79,679 shares of the company’s stock after purchasing an additional 15,864 shares during the period. Sei Investments Co.’s holdings in Take-Two Interactive Software were worth $15,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Davis R M Inc. boosted its holdings in shares of Take-Two Interactive Software by 4.3% during the first quarter. Davis R M Inc. now owns 255,075 shares of the company’s stock valued at $50,377,000 after acquiring an additional 10,593 shares during the period. Militia Capital Management LLC acquired a new stake in shares of Take-Two Interactive Software in the 1st quarter worth about $1,191,000. First Trust Advisors LP increased its holdings in shares of Take-Two Interactive Software by 57.3% in the 1st quarter. First Trust Advisors LP now owns 128,452 shares of the company’s stock worth $25,369,000 after acquiring an additional 46,766 shares during the period. PNC Financial Services Group Inc. lifted its position in Take-Two Interactive Software by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 29,809 shares of the company’s stock valued at $5,887,000 after purchasing an additional 1,842 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in Take-Two Interactive Software in the 1st quarter valued at about $9,988,000. 95.46% of the stock is currently owned by institutional investors.

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the sale, the director owned 22,368 shares of the company’s stock, valued at $4,814,040.96. The trade was a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 569,936 shares of company stock worth $128,431,438. 1.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTWO. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday. DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, June 15th. BTIG Research restated a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research report on Monday. Finally, Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $294.44.

Take-Two Interactive Software Trading Up 0.4%

Shares of TTWO opened at $247.43 on Friday. The business’s 50-day moving average price is $234.22 and its 200 day moving average price is $221.53. The stock has a market capitalization of $46.26 billion, a P/E ratio of -152.73, a P/E/G ratio of 4.58 and a beta of 0.96. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94.

About Take-Two Interactive Software

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.