Harvest Fund Management Co. Ltd Increases Position in Take-Two Interactive Software, Inc. $TTWO

Harvest Fund Management Co. Ltd raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,863 shares of the company’s stock after purchasing an additional 2,325 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Take-Two Interactive Software were worth $6,622,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of 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 valued at $5,598,914,000 after buying an additional 166,661 shares during the period. State Street Corp boosted its position in shares of 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 valued at $2,845,084,000 after buying an additional 429,083 shares during the period. Geode Capital Management LLC boosted its position in shares of Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after buying an additional 60,893 shares during the period. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. Finally, Ninety One UK Ltd boosted its position in shares of 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 valued at $493,304,000 after buying an additional 52,881 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.4%

Take-Two Interactive Software stock opened at $216.65 on Friday. The business has a fifty day moving average of $215.11 and a two-hundred day moving average of $224.33. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market cap of $40.23 billion, a P/E ratio of -133.73, a P/E/G ratio of 3.30 and a beta of 0.98. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79.

Insider Activity at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 373 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $229.35, for a total transaction of $85,547.55. Following the transaction, the director directly owned 8,719 shares of the company’s stock, valued at approximately $1,999,702.65. This represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. The trade was 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. Insiders have sold 550,597 shares of company stock valued at $124,180,972 over the last 90 days. Insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TTWO. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Piper Sandler started coverage on Take-Two Interactive Software in a report on Tuesday. They issued an “overweight” rating and a $280.00 price target for the company. Wells Fargo & Company lowered their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $287.06.

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.