Fred Alger Management LLC Increases Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Fred Alger Management LLC increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 42.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 80,500 shares of the company’s stock after acquiring an additional 23,886 shares during the period. Fred Alger Management LLC’s holdings in Take-Two Interactive Software were worth $20,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTWO. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the second quarter worth $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of Take-Two Interactive Software in the third quarter valued at $29,000. Meeder Asset Management Inc. boosted its stake in shares of Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. grew its holdings in Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $200.00, for a total transaction of $82,600.00. Following the transaction, the director owned 2,286 shares of the company’s stock, valued at approximately $457,200. This trade represents a 15.30% 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, insider Daniel P. Emerson sold 810 shares of Take-Two Interactive Software stock in a transaction dated 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 transaction, the insider owned 124,191 shares of the company’s stock, valued at $26,511,052.77. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 64,880 shares of company stock worth $13,908,337. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Down 0.4%

NASDAQ TTWO opened at $207.69 on Tuesday. The company has a market capitalization of $38.46 billion, a price-to-earnings ratio of -9.28, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. Take-Two Interactive Software, Inc. has a 12 month low of $188.56 and a 12 month high of $264.79. The company’s fifty day moving average price is $220.36 and its two-hundred day moving average price is $238.78.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TTWO shares. TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. UBS Group upped their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. B. Riley Financial started coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price on the stock. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, sixteen 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Company 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.