CI Investments Inc. Has $1.65 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

CI Investments Inc. decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 76.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,359 shares of the company’s stock after selling 27,417 shares during the quarter. CI Investments Inc.’s holdings in Take-Two Interactive Software were worth $1,651,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

TTWO has been the topic of several recent analyst reports. Bank of America lifted their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. BMO Capital Markets increased their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Wells Fargo & Company raised their price target on Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. BTIG Research reiterated a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $294.44.

Take-Two Interactive Software Trading Up 0.6%

TTWO opened at $231.65 on Friday. The stock has a market capitalization of $43.01 billion, a P/E ratio of -142.99, a P/E/G ratio of 4.42 and a beta of 0.96. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The firm’s fifty day simple moving average is $233.61 and its 200 day simple moving average is $221.98.

Insider Transactions at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the transaction, the director directly owned 1,833 shares of the company’s stock, valued at $462,887.49. This represents a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction dated 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 owned 113,988 shares of the company’s stock, valued at approximately $26,217,240. The trade was a 3.73% 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. Over the last three months, insiders have sold 569,936 shares of company stock worth $128,431,438. 1.34% of the stock is currently owned by company insiders.

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.