Bessemer Group Inc. Buys 19,702 Shares of Take-Two Interactive Software, Inc. $TTWO

Bessemer Group Inc. boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,475,888 shares of the company’s stock after purchasing an additional 19,702 shares during the quarter. Bessemer Group Inc.’s holdings in Take-Two Interactive Software were worth $291,489,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TTWO. LBP AM SA lifted its position 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 during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after acquiring an additional 4,920 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after acquiring an additional 14,050 shares during the period. Fiera Capital Corp raised its stake in Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after acquiring an additional 16,314 shares during the period. Finally, Swedbank AB lifted its holdings in Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after purchasing an additional 9,556 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.00.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $239.57 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50-day simple moving average is $233.06 and its 200 day simple moving average is $222.63. The firm has a market cap of $44.48 billion, a price-to-earnings ratio of -147.88, a P/E/G ratio of 4.68 and a beta of 0.96.

Insider Activity

In other news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction that occurred 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 directly owned 22,368 shares in the company, valued at approximately $4,814,040.96. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel P. Emerson sold 21,102 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 569,936 shares of company stock worth $128,431,438. Insiders own 1.34% of the company’s stock.

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.