Take-Two Interactive Software, Inc. $TTWO Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 436.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 312,550 shares of the company’s stock after acquiring an additional 254,311 shares during the period. Renaissance Technologies LLC’s holdings in Take-Two Interactive Software were worth $61,729,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTWO. Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $735,389,000. AQR Capital Management LLC raised its holdings in Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after buying an additional 704,316 shares during the period. Alyeska Investment Group L.P. raised its holdings in Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after buying an additional 568,263 shares during the period. Bessemer Group Inc. lifted its stake in Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after buying an additional 505,000 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Take-Two Interactive Software by 35.4% in the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock worth $462,352,000 after buying an additional 472,383 shares during the period. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The sale was disclosed in a 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, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% 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. Over the last 90 days, insiders sold 569,936 shares of company stock worth $128,431,438. Insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TTWO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Bank of America raised their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.44.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $231.65 on Monday. The firm has a market cap of $43.01 billion, a price-to-earnings ratio of -142.99, a P/E/G ratio of 4.44 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. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $233.61 and a 200 day simple moving average of $221.74.

About Take-Two Interactive Software

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.