Freemont Management S.A. increased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 30.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,900 shares of the company’s stock after buying an additional 5,600 shares during the quarter. Freemont Management S.A.’s holdings in Take-Two Interactive Software were worth $5,804,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of TTWO. Prospera Financial Services Inc bought a new stake in Take-Two Interactive Software in the second quarter worth about $8,402,000. AGF Management Ltd. bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $13,286,000. Fox Run Management L.L.C. lifted its stake in Take-Two Interactive Software by 41.1% during the second quarter. Fox Run Management L.L.C. now owns 4,757 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,385 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Take-Two Interactive Software by 13.7% during the second quarter. Metis Global Partners LLC now owns 8,412 shares of the company’s stock worth $2,043,000 after buying an additional 1,011 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Take-Two Interactive Software by 4.7% in the second quarter. Penserra Capital Management LLC now owns 16,987 shares of the company’s stock valued at $4,124,000 after buying an additional 762 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.
Take-Two Interactive Software Stock Performance
Shares of TTWO stock opened at $232.00 on Friday. The company has a market capitalization of $42.80 billion, a price-to-earnings ratio of -9.69, a P/E/G ratio of 5.10 and a beta of 1.00. Take-Two Interactive Software, Inc. has a 1-year low of $173.20 and a 1-year high of $264.79. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $251.84 and its 200-day simple moving average is $238.25.
Insider Buying and Selling at Take-Two Interactive Software
In related news, insider Daniel P. Emerson sold 22,479 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the transaction, the insider directly owned 129,792 shares of the company’s stock, valued at approximately $29,523,786.24. The trade was a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jon J. Moses sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $239.57, for a total transaction of $239,570.00. Following the completion of the transaction, the director owned 21,901 shares in the company, valued at approximately $5,246,822.57. This represents a 4.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 141,822 shares of company stock valued at $32,540,844 in the last 90 days. Corporate insiders own 1.34% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Arete lowered Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research note on Thursday, October 23rd. Wall Street Zen downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. UBS Group increased their price target on Take-Two Interactive Software from $285.00 to $292.00 and gave the company a “buy” rating in a research report on Friday. Benchmark lifted their price target on Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, Raymond James Financial upped their price objective on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $259.45.
Take-Two Interactive Software Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
Recommended Stories
- Five stocks we like better than Take-Two Interactive Software
- Most active stocks: Dollar volume vs share volume
- OpenAI’s Restructuring Sets up What Could Be the Biggest IPO Ever
- What is diluted earnings per share (Diluted EPS)?
- 2 Rare Earth Stocks the U.S. Government Doesn’t Want to Fail
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- CrowdStrike Partners With CoreWeave But Investors Sell the News
Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report).
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.
