Harvest Fund Management Co. Ltd Raises Holdings in Take-Two Interactive Software, Inc. $TTWO

Harvest Fund Management Co. Ltd boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,863 shares of the company’s stock after acquiring an additional 2,325 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Take-Two Interactive Software were worth $6,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $34,000. True Wealth Design LLC boosted its position in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after purchasing an additional 68 shares in the last quarter. AlphaQuest LLC bought a new position in Take-Two Interactive Software during the 3rd quarter valued at approximately $41,000. Finally, Morse Asset Management Inc increased its position in Take-Two Interactive Software by 117.3% during the 4th quarter. Morse Asset Management Inc now owns 163 shares of the company’s stock valued at $42,000 after buying an additional 88 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $216.65 on Friday. The company has a market capitalization of $40.23 billion, a PE ratio of -133.73, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. 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’s fifty day moving average is $215.11 and its 200 day moving average is $224.33. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the sale, the president directly owned 40,358 shares of the company’s stock, valued at approximately $8,720,960.22. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of Take-Two Interactive Software stock in a transaction dated 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 trade represents a 13.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 550,597 shares of company stock valued at $124,180,972. 1.34% of the stock is owned by insiders.

Analysts Set New Price Targets

TTWO has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler began coverage on Take-Two Interactive Software in a report on Tuesday. They issued an “overweight” rating and a $280.00 target price for the company. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Finally, Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $287.06.

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.