Russell Investments Group Ltd. Has $23.86 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Russell Investments Group Ltd. grew its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 104.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,272 shares of the company’s stock after acquiring an additional 47,144 shares during the period. Russell Investments Group Ltd. owned 0.05% of Take-Two Interactive Software worth $23,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TTWO. Norges Bank acquired a new position in Take-Two Interactive Software in the second quarter worth $731,047,000. Vanguard Group Inc. increased its stake in shares of Take-Two Interactive Software by 4.5% in the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after buying an additional 932,659 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after buying an additional 515,484 shares during the last quarter. Voya Investment Management LLC lifted its position in Take-Two Interactive Software by 39.8% during the 3rd quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock worth $371,558,000 after buying an additional 410,097 shares in the last quarter. Finally, State Street Corp lifted its position in Take-Two Interactive Software by 3.8% during the 2nd quarter. State Street Corp now owns 10,583,564 shares of the company’s stock worth $2,570,084,000 after buying an additional 389,321 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a research report on Monday, December 1st. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. 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. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Finally, Morgan Stanley lifted their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $284.44.

Take-Two Interactive Software Stock Down 0.9%

NASDAQ:TTWO opened at $209.20 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79. The stock has a 50-day moving average price of $222.21 and a two-hundred day moving average price of $239.03. The stock has a market cap of $38.74 billion, a price-to-earnings ratio of -9.35, a PEG ratio of 8.65 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 1,698 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the completion of the sale, the insider directly owned 125,001 shares of the company’s stock, valued at approximately $26,702,713.62. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the sale, the director owned 65,626 shares in the company, valued at $12,779,350.98. This trade represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 64,880 shares of company stock worth $13,908,337 in the last three months. 1.34% of the stock is owned by corporate insiders.

Take-Two Interactive Software 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.