Take-Two Interactive Software, Inc. $TTWO Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 597.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,744 shares of the company’s stock after buying an additional 4,920 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Take-Two Interactive Software were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TTWO. Norges Bank acquired a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. AQR Capital Management LLC lifted its position in Take-Two Interactive Software by 162.1% in the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after purchasing an additional 704,316 shares during the period. Alyeska Investment Group L.P. lifted its position in Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after purchasing an additional 568,263 shares during the period. Bessemer Group Inc. boosted its stake in Take-Two Interactive Software by 53.1% during the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after purchasing an additional 505,000 shares in the last quarter. Finally, Amundi boosted its stake in Take-Two Interactive Software by 35.4% during the 4th quarter. Amundi now owns 1,805,852 shares of the company’s stock valued at $462,352,000 after purchasing an additional 472,383 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 4,419 shares of Take-Two Interactive Software stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider directly owned 113,988 shares in the company, valued at $26,217,240. The trade was a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly 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 quarter, insiders sold 570,015 shares of company stock worth $128,432,857. 1.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTWO. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. BMO Capital Markets raised their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $292.71.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $247.15 on Tuesday. The stock has a market capitalization of $45.89 billion, a P/E ratio of -152.56, a P/E/G ratio of 4.72 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The business’s fifty day moving average is $224.63 and its two-hundred day moving average is $222.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

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.