Principal Financial Group Inc. Buys 4,879 Shares of Take-Two Interactive Software, Inc. $TTWO

Principal Financial Group Inc. grew its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 192,848 shares of the company’s stock after acquiring an additional 4,879 shares during the period. Principal Financial Group Inc.’s holdings in Take-Two Interactive Software were worth $49,375,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software in the third quarter worth about $26,000. GHP Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth about $28,000. Pinnacle Bancorp Inc. bought a new position in shares of Take-Two Interactive Software in the third quarter worth about $29,000. Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth about $34,000. Finally, Meeder Asset Management Inc. raised 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 worth $35,000 after acquiring an additional 93 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. UBS Group boosted their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Raymond James Financial raised 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 research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $284.31.

Take-Two Interactive Software Trading Down 1.4%

TTWO opened at $220.45 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $40.82 billion, a price-to-earnings ratio of -9.85, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. The firm has a 50 day simple moving average of $207.43 and a 200 day simple moving average of $227.41. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the sale, the director directly owned 21,525 shares of the company’s stock, valued at $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel P. Emerson sold 810 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the transaction, the insider owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. This represents a 0.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,292 shares of company stock valued at $13,978,938 over the last 90 days. Company insiders own 1.34% of the company’s stock.

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.