Rathbones Group PLC Grows Holdings in Take-Two Interactive Software, Inc. $TTWO

Rathbones Group PLC lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 21.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 17,349 shares of the company’s stock after purchasing an additional 3,087 shares during the quarter. Rathbones Group PLC’s holdings in Take-Two Interactive Software were worth $3,426,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TTWO. Norges Bank purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $735,389,000. AQR Capital Management LLC grew its position in Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after acquiring an additional 704,316 shares in the last quarter. Amundi grew its position in Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after acquiring an additional 688,133 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after purchasing an additional 568,263 shares during the period. Finally, Bessemer Group Inc. increased its stake in Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $240.22 on Wednesday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The firm’s fifty day simple moving average is $235.27 and its 200-day simple moving average is $221.44. The firm has a market capitalization of $44.92 billion, a price-to-earnings ratio of -148.28, a PEG ratio of 4.56 and a beta of 0.97. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71.

Insider Activity

In related news, Director Jon J. Moses sold 500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $215.22, for a total value of $107,610.00. Following the transaction, the director owned 22,368 shares of the company’s stock, valued at $4,814,040.96. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the sale, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 569,936 shares of company stock valued at $128,431,438. Insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. BTIG Research reaffirmed a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a research note on Monday, July 27th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Finally, Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $294.44.

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.