Bailard Inc. Buys 8,070 Shares of Take-Two Interactive Software, Inc. $TTWO

Bailard Inc. boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 70.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,518 shares of the company’s stock after purchasing an additional 8,070 shares during the period. Bailard Inc.’s holdings in Take-Two Interactive Software were worth $4,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after purchasing an additional 166,661 shares during the last quarter. State Street Corp lifted its stake in Take-Two Interactive Software by 4.1% during the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock worth $2,845,084,000 after purchasing an additional 429,083 shares during the last quarter. Ninety One UK Ltd lifted its stake in Take-Two Interactive Software by 2.8% during the fourth quarter. Ninety One UK Ltd now owns 1,926,744 shares of the company’s stock worth $493,304,000 after purchasing an additional 52,881 shares during the last quarter. Northern Trust Corp lifted its stake in Take-Two Interactive Software by 1.8% during the third quarter. Northern Trust Corp now owns 1,612,323 shares of the company’s stock worth $416,560,000 after purchasing an additional 27,862 shares during the last quarter. Finally, Amundi lifted its stake in Take-Two Interactive Software by 46.4% during the third quarter. Amundi now owns 1,333,469 shares of the company’s stock worth $342,675,000 after purchasing an additional 422,510 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $225.99 on Wednesday. The company has a market capitalization of $41.85 billion, a price-to-earnings ratio of -10.10, a PEG ratio of 3.31 and a beta of 0.97. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The stock has a fifty day simple moving average of $208.14 and a 200 day simple moving average of $226.63. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 810 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the sale, the insider directly owned 124,191 shares in the company, valued at $26,511,052.77. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the sale, the director owned 2,000 shares of the company’s stock, valued at $415,320. The trade was a 17.12% 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. Insiders sold a total of 65,292 shares of company stock valued at $13,978,938 over the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TTWO shares. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wells Fargo & Company lowered their price target on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a report on Tuesday, February 10th. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $284.31.

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.