Intech Investment Management LLC Buys 2,859 Shares of Take-Two Interactive Software, Inc. $TTWO

Intech Investment Management LLC increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.4% in the third quarter, Holdings Channel.com reports. The fund owned 33,189 shares of the company’s stock after purchasing an additional 2,859 shares during the period. Intech Investment Management LLC’s holdings in Take-Two Interactive Software were worth $8,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd purchased a new stake in Take-Two Interactive Software in the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth about $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Take-Two Interactive Software in the third quarter worth about $29,000. NewSquare Capital LLC boosted its stake in Take-Two Interactive Software by 55.3% during the second quarter. NewSquare Capital LLC now owns 146 shares of the company’s stock valued at $35,000 after buying an additional 52 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Down 0.8%

Shares of TTWO opened at $211.48 on Friday. The company’s fifty day simple moving average is $229.58 and its 200-day simple moving average is $240.18. The company has a market cap of $39.16 billion, a P/E ratio of -9.45, a P/E/G ratio of 8.74 and a beta of 0.92. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a twelve month low of $188.56 and a twelve month high of $264.79.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $200.00, for a total value of $82,600.00. Following the completion of the sale, the director owned 2,286 shares of the company’s stock, valued at $457,200. This trade represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the transaction, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This trade represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 982 shares of company stock worth $214,412 over the last three months. 1.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TTWO shares. TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price objective for the company. UBS Group lifted their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley upped their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target for the company in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.94.

About Take-Two Interactive Software

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.