Motley Fool Asset Management LLC Boosts Position in Take-Two Interactive Software, Inc. $TTWO

Motley Fool Asset Management LLC increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 35.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,301 shares of the company’s stock after purchasing an additional 4,570 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Take-Two Interactive Software were worth $4,430,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. LBP AM SA boosted its stake in shares of Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after buying an additional 48,384 shares in the last quarter. Compass Wealth Management LLC purchased a new stake in shares of Take-Two Interactive Software in the third quarter valued at approximately $3,419,000. M&G PLC purchased a new stake in shares of Take-Two Interactive Software in the third quarter valued at approximately $12,465,000. Swedbank AB boosted its stake in shares of Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after buying an additional 9,556 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Take-Two Interactive Software by 24.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,950 shares of the company’s stock valued at $150,021,000 after buying an additional 114,403 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company decreased their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $287.06.

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction 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 sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laverne Evans Srinivasan sold 373 shares of the company’s stock in a transaction 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 owned 8,719 shares in the company, valued at $1,999,702.65. This represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 560,588 shares of company stock valued at $126,322,522. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 0.7%

Shares of NASDAQ:TTWO opened at $210.46 on Thursday. 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, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The stock’s fifty day simple moving average is $216.69 and its 200-day simple moving average is $223.63. The company has a market capitalization of $39.08 billion, a P/E ratio of -129.91, a P/E/G ratio of 4.10 and a beta of 0.98.

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.