Take-Two Interactive Software, Inc. $TTWO Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 41.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 279,609 shares of the company’s stock after acquiring an additional 81,256 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Take-Two Interactive Software were worth $53,987,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. LBP AM SA boosted its holdings in Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in Take-Two Interactive Software by 597.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,920 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Take-Two Interactive Software by 45.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after purchasing an additional 14,050 shares in the last quarter. Fiera Capital Corp lifted its position in shares of Take-Two Interactive Software by 33.9% during the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after purchasing an additional 16,314 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after purchasing an additional 9,556 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $236.68 on Friday. The stock has a 50-day simple moving average of $233.39 and a 200-day simple moving average of $222.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $43.94 billion, a PE ratio of -146.10, a PEG ratio of 4.54 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTWO. BMO Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Bank of America raised their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Finally, BTIG Research reaffirmed a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 4,419 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the transaction, the insider owned 113,988 shares in the company, valued at $26,217,240. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the completion of the sale, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 569,936 shares of company stock valued at $128,431,438. 1.34% of the stock is owned by corporate insiders.

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.