Citizens Financial Group Inc. RI boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 43.2% in the second quarter, Holdings Channel reports. The institutional investor owned 4,020 shares of the company’s stock after buying an additional 1,212 shares during the period. Citizens Financial Group Inc. RI’s holdings in Take-Two Interactive Software were worth $976,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Take-Two Interactive Software by 21.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock worth $72,317,000 after purchasing an additional 52,524 shares during the last quarter. Ninety One UK Ltd grew its position in shares of Take-Two Interactive Software by 22.8% in the 2nd quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock valued at $437,514,000 after buying an additional 334,946 shares during the last quarter. Perigon Wealth Management LLC increased its stake in shares of Take-Two Interactive Software by 79.2% in the second quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock valued at $547,000 after buying an additional 995 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Take-Two Interactive Software by 14.1% in the first quarter. PNC Financial Services Group Inc. now owns 23,829 shares of the company’s stock valued at $4,939,000 after buying an additional 2,946 shares during the period. Finally, Swedbank AB raised its position in shares of Take-Two Interactive Software by 9.8% during the first quarter. Swedbank AB now owns 115,042 shares of the company’s stock worth $23,842,000 after acquiring an additional 10,305 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Take-Two Interactive Software Stock Performance
NASDAQ TTWO opened at $239.09 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $251.25 and a 200 day simple moving average of $239.10. The company has a market cap of $44.18 billion, a P/E ratio of -9.99, a PEG ratio of 5.10 and a beta of 1.00. Take-Two Interactive Software, Inc. has a 12-month low of $177.35 and a 12-month high of $264.79.
Analysts Set New Price Targets
Several brokerages recently commented on TTWO. DA Davidson upped their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. CICC Research initiated coverage on shares of Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price objective for the company. Arete Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $261.90.
Read Our Latest Stock Analysis on Take-Two Interactive Software
Insiders Place Their Bets
In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 22,479 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the transaction, the insider directly owned 129,792 shares in the company, valued at approximately $29,523,786.24. This trade represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jon J. Moses sold 1,000 shares of Take-Two Interactive Software stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $239.57, for a total transaction of $239,570.00. Following the transaction, the director directly owned 21,901 shares in the company, valued at $5,246,822.57. This represents a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 141,220 shares of company stock worth $32,403,760 in the last three months. 1.34% of the stock is owned by corporate insiders.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
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