Take-Two Interactive Software, Inc. $TTWO Stake Boosted by Legal & General Group Plc

Legal & General Group Plc increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,030,873 shares of the company’s stock after purchasing an additional 67,894 shares during the quarter. Legal & General Group Plc’s holdings in Take-Two Interactive Software were worth $263,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 45 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of Take-Two Interactive Software by 28.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after buying an additional 46 shares during the last quarter. First Horizon Corp lifted its holdings in shares of Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 10.0% during the 3rd quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock valued at $135,000 after buying an additional 48 shares during the last quarter. Finally, Hunter Associates Investment Management LLC lifted its holdings in shares of Take-Two Interactive Software by 0.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $415,320. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 7,946 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer owned 170,756 shares of the company’s stock, valued at approximately $36,569,104.96. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,724 shares of company stock valued at $13,866,155 in the last quarter. Company insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTWO shares. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a report on Tuesday, February 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. UBS Group boosted their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $287.53.

Take-Two Interactive Software Stock Down 3.0%

TTWO opened at $220.67 on Wednesday. The business has a 50 day moving average price of $212.53 and a 200 day moving average price of $225.25. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.24. The firm has a market cap of $40.86 billion, a P/E ratio of -136.22, a price-to-earnings-growth ratio of 3.45 and a beta of 0.97.

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.