Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 43.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,606 shares of the company’s stock after buying an additional 2,925 shares during the period. Thrivent Financial for Lutherans’ holdings in Take-Two Interactive Software were worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after acquiring an additional 45 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its position in shares of Take-Two Interactive Software by 28.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after acquiring an additional 46 shares during the last quarter. First Horizon Corp boosted its position in shares of Take-Two Interactive Software by 26.4% in the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after acquiring an additional 46 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Take-Two Interactive Software by 10.0% in the third quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock worth $135,000 after acquiring an additional 48 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its position in shares of Take-Two Interactive Software by 0.4% in the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after acquiring an additional 48 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTWO. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research report on Tuesday, February 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday. Wells Fargo & Company cut their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday. Finally, UBS Group raised their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $287.53.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director owned 21,525 shares in the company, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the sale, the chief executive officer owned 178,702 shares in the company, valued at $38,313,708.80. This represents a 22.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 64,724 shares of company stock worth $13,866,155. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $227.55 on Tuesday. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The company’s 50 day moving average price is $212.29 and its 200 day moving average price is $225.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $42.14 billion, a price-to-earnings ratio of -140.46, a PEG ratio of 3.45 and a beta of 0.97.

Take-Two Interactive Software Company 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.