LGT Fund Management Co Ltd. grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 20.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,175 shares of the company’s stock after acquiring an additional 366 shares during the period. LGT Fund Management Co Ltd.’s holdings in Take-Two Interactive Software were worth $528,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of TTWO. NBC Securities Inc. purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at $55,000. RFG Advisory LLC purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at $204,000. Eagle Rock Investment Company LLC lifted its holdings in shares of Take-Two Interactive Software by 12.3% in the first quarter. Eagle Rock Investment Company LLC now owns 24,219 shares of the company’s stock valued at $5,019,000 after purchasing an additional 2,660 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Take-Two Interactive Software by 16.1% in the first quarter. Independence Bank of Kentucky now owns 1,805 shares of the company’s stock valued at $374,000 after purchasing an additional 250 shares in the last quarter. Finally, Wedmont Private Capital lifted its holdings in shares of Take-Two Interactive Software by 13.4% in the first quarter. Wedmont Private Capital now owns 2,328 shares of the company’s stock valued at $494,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Trading Up 0.3%
Shares of NASDAQ:TTWO opened at $257.68 on Friday. The company has a market cap of $47.53 billion, a P/E ratio of -10.76, a P/E/G ratio of 5.47 and a beta of 1.01. The stock’s 50-day moving average is $238.32 and its 200-day moving average is $230.17. Take-Two Interactive Software, Inc. has a 52-week low of $147.78 and a 52-week high of $261.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16.
Insider Buying and Selling
In other news, insider Daniel P. Emerson sold 22,479 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $227.47, for a total value of $5,113,298.13. Following the sale, the insider directly owned 129,792 shares of the company’s stock, valued at approximately $29,523,786.24. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 20,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $230.69, for a total transaction of $4,613,800.00. The disclosure for this sale can be found here. Insiders sold a total of 141,825 shares of company stock valued at $32,532,671 in the last quarter. Insiders own 1.34% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on TTWO shares. Citigroup increased their target price on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wells Fargo & Company started coverage on Take-Two Interactive Software in a report on Monday, July 28th. They issued an “overweight” rating and a $265.00 target price for the company. Zacks Research raised shares of Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Bank of America upped their price target on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Nineteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $249.50.
View Our Latest Research Report on TTWO
Take-Two Interactive Software Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
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