Mackenzie Financial Corp boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,875 shares of the company’s stock after purchasing an additional 13,264 shares during the quarter. Mackenzie Financial Corp owned approximately 0.10% of Take-Two Interactive Software worth $21,220,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Bbva USA purchased a new stake in Take-Two Interactive Software in the second quarter valued at about $26,000. Parkside Financial Bank & Trust increased its stake in Take-Two Interactive Software by 77.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 165 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Take-Two Interactive Software by 66.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 166 shares of the company’s stock worth $29,000 after buying an additional 66 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Take-Two Interactive Software during the first quarter worth $34,000. Finally, E Fund Management Co. Ltd. purchased a new stake in shares of Take-Two Interactive Software during the first quarter valued at $36,000. 86.20% of the stock is owned by institutional investors and hedge funds.
TTWO stock opened at $147.36 on Friday. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 4.69 and a beta of 0.54. The firm has a 50-day moving average of $160.44 and a two-hundred day moving average of $170.60. Take-Two Interactive Software, Inc. has a 12 month low of $144.58 and a 12 month high of $214.91.
Several analysts have weighed in on TTWO shares. Truist dropped their price target on Take-Two Interactive Software from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, August 16th. MKM Partners cut their price target on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Take-Two Interactive Software from $243.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 21st. Barclays cut their price objective on shares of Take-Two Interactive Software from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 3rd. Finally, Credit Suisse Group raised their target price on shares of Take-Two Interactive Software from $205.00 to $211.00 and gave the stock a “neutral” rating in a report on Monday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Buy” and an average target price of $208.74.
In related news, Director Michael Sheresky sold 159 shares of the firm’s stock in a transaction dated Thursday, August 12th. The shares were sold at an average price of $159.08, for a total transaction of $25,293.72. Following the completion of the sale, the director now directly owns 61,421 shares in the company, valued at $9,770,852.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.90% of the company’s stock.
Take-Two Interactive Software Profile
Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.
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