Munich Reinsurance Co Stock Corp in Munich Buys 7,579 Shares of Take-Two Interactive Software, Inc. $TTWO

Munich Reinsurance Co Stock Corp in Munich boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 111.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,377 shares of the company’s stock after purchasing an additional 7,579 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Take-Two Interactive Software were worth $2,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. LBP AM SA increased its stake in Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Take-Two Interactive Software by 597.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,920 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after purchasing an additional 14,050 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after purchasing an additional 16,314 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after purchasing an additional 9,556 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $246.10 on Friday. The firm has a market cap of $45.69 billion, a PE ratio of -151.91, a price-to-earnings-growth ratio of 4.82 and a beta of 0.96. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. 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 business has a 50 day moving average price of $230.86 and a 200-day moving average price of $222.98.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of recent research reports. BTIG Research restated a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, July 2nd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. DA Davidson reissued a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Bank of America boosted their price objective 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. Finally, Wells Fargo & Company upped 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 note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total value of $84,345.02. Following the sale, the director owned 1,833 shares of the company’s stock, valued at $462,887.49. This trade represents a 15.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the sale, the insider directly owned 113,988 shares in the company, valued at approximately $26,217,240. This trade represents a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 570,349 shares of company stock worth $128,517,202 over the last ninety days. Insiders own 1.34% of the company’s stock.

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.