Cannell & Spears LLC Raises Position in Take-Two Interactive Software, Inc. $TTWO

Cannell & Spears LLC grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,623 shares of the company’s stock after buying an additional 2,725 shares during the quarter. Cannell & Spears LLC’s holdings in Take-Two Interactive Software were worth $15,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in Take-Two Interactive Software by 436.7% in the 1st quarter. Renaissance Technologies LLC now owns 312,550 shares of the company’s stock valued at $61,729,000 after acquiring an additional 254,311 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Take-Two Interactive Software by 0.4% in the first quarter. Gamco Investors INC. ET AL now owns 62,688 shares of the company’s stock worth $12,381,000 after purchasing an additional 243 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Take-Two Interactive Software by 5.7% in the first quarter. Public Employees Retirement System of Ohio now owns 85,904 shares of the company’s stock worth $16,966,000 after purchasing an additional 4,652 shares during the last quarter. Inceptionr LLC boosted its position in shares of Take-Two Interactive Software by 650.6% during the first quarter. Inceptionr LLC now owns 8,820 shares of the company’s stock valued at $1,742,000 after buying an additional 7,645 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Take-Two Interactive Software by 24.9% in the 1st quarter. Sei Investments Co. now owns 79,679 shares of the company’s stock worth $15,740,000 after buying an additional 15,864 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTWO. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Bank of America raised their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Finally, BTIG Research reiterated a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $294.44.

Insider Buying and Selling at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the sale, the insider directly owned 131,668 shares in the company, valued at $28,915,609.48. This represents a 13.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director owned 20,374 shares in the company, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 569,936 shares of company stock worth $128,431,438. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $231.65 on Friday. The firm has a 50 day moving average of $233.61 and a 200 day moving average of $221.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $43.01 billion, a price-to-earnings ratio of -142.99, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.

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.