Take-Two Interactive Software, Inc. $TTWO Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 35.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,301 shares of the company’s stock after buying an additional 4,570 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Take-Two Interactive Software were worth $4,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC purchased a new stake in shares of Take-Two Interactive Software in the first quarter worth about $425,000. Empowered Funds LLC grew its stake 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 valued at $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. grew its stake 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 valued at $63,000 after purchasing an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $2,747,000. Finally, Jump Financial LLC increased its stake in Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after purchasing an additional 3,650 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software 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 president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares in the company, valued at $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 560,588 shares of company stock worth $126,322,522. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 0.7%

Shares of TTWO stock opened at $210.46 on Thursday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The stock has a market cap of $39.08 billion, a PE ratio of -129.91, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98. The business’s fifty day moving average is $216.69 and its 200-day moving average is $223.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTWO shares. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler reissued a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.