Natixis Advisors LLC Buys 17,401 Shares of Take-Two Interactive Software, Inc. $TTWO

Natixis Advisors LLC increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 18.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 109,442 shares of the company’s stock after purchasing an additional 17,401 shares during the quarter. Natixis Advisors LLC’s holdings in Take-Two Interactive Software were worth $28,020,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC acquired a new position in Take-Two Interactive Software during the first quarter worth $425,000. Empowered Funds LLC lifted its position in Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after buying an additional 388 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $2,747,000. Finally, Jump Financial LLC boosted its stake in shares of Take-Two Interactive Software by 105.3% during the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after buying an additional 3,650 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the sale, the director owned 2,000 shares of the company’s stock, valued at approximately $415,320. The trade was a 17.12% decrease in their ownership of the stock. The sale 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, President Karl Slatoff sold 40,358 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the completion of the sale, the president directly owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This represents a 50.00% decrease in their position. 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. In the last ninety days, insiders have sold 550,597 shares of company stock valued at $124,180,972. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $216.65 on Friday. The stock has a 50 day simple moving average of $215.11 and a 200 day simple moving average of $224.33. The stock has a market cap of $40.23 billion, a P/E ratio of -133.73, a PEG ratio of 3.30 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

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

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.