Fifth Third Bancorp Grows Stake in Take-Two Interactive Software, Inc. $TTWO

Fifth Third Bancorp lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 58.6% in the 1st quarter, Holdings Channel reports. The firm owned 58,947 shares of the company’s stock after acquiring an additional 21,781 shares during the period. Fifth Third Bancorp’s holdings in Take-Two Interactive Software were worth $11,642,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 4th quarter worth $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth $28,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth $34,000. MV Capital Management Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter worth $34,000. Finally, True Wealth Design LLC grew its position in Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after acquiring an additional 68 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 4,419 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the sale, the insider directly owned 113,988 shares of the company’s stock, valued at approximately $26,217,240. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director 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. 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.

Take-Two Interactive Software Stock Down 2.9%

Shares of NASDAQ:TTWO opened at $237.04 on Wednesday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The company has a market cap of $44.01 billion, a PE ratio of -146.32, a P/E/G ratio of 4.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s 50-day moving average is $232.31 and its 200 day moving average is $222.81.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTWO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BTIG Research reiterated a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, July 2nd. Bank of America lifted their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average price target of $293.00.

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.