Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Syntax Research Inc.

Syntax Research Inc. increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 360.9% in the 1st quarter, HoldingsChannel reports. The firm owned 13,090 shares of the company’s stock after purchasing an additional 10,250 shares during the period. Take-Two Interactive Software comprises approximately 1.6% of Syntax Research Inc.’s holdings, making the stock its 20th largest position. Syntax Research Inc.’s holdings in Take-Two Interactive Software were worth $2,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. USS Investment Management Ltd increased its position in Take-Two Interactive Software by 9.1% during the 1st quarter. USS Investment Management Ltd now owns 32,211 shares of the company’s stock worth $6,360,000 after purchasing an additional 2,683 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Take-Two Interactive Software by 5.7% during the 1st quarter. IFM Investors Pty Ltd now owns 36,541 shares of the company’s stock worth $7,217,000 after buying an additional 1,957 shares in the last quarter. Impact Partnership Wealth LLC lifted its holdings in shares of Take-Two Interactive Software by 49.6% in the 1st quarter. Impact Partnership Wealth LLC now owns 1,348 shares of the company’s stock valued at $266,000 after buying an additional 447 shares during the period. Mayflower Financial Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after buying an additional 48 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Take-Two Interactive Software by 4.9% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 61,856 shares of the company’s stock valued at $12,216,000 after buying an additional 2,916 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the sale, the director owned 21,868 shares in the company, valued at $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 570,015 shares of company stock worth $128,432,857 in the last 90 days. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Up 0.1%

TTWO opened at $250.32 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $46.48 billion, a price-to-earnings ratio of -154.52, a PEG ratio of 4.89 and a beta of 0.96. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The business’s fifty day moving average is $226.06 and its two-hundred day moving average is $222.57.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTWO. Bank of America increased 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. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. BMO Capital Markets upped their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, Wells Fargo & Company reduced their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $292.71.

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.