Russell Investments Group Ltd. Has $23.86 Million Position in Take-Two Interactive Software, Inc. $TTWO

Russell Investments Group Ltd. increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 104.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,272 shares of the company’s stock after buying an additional 47,144 shares during the quarter. Russell Investments Group Ltd.’s holdings in Take-Two Interactive Software were worth $23,855,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new stake in Take-Two Interactive Software in the 3rd quarter valued at approximately $26,000. Pinnacle Bancorp Inc. bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. raised its holdings in shares of Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the sale, the director directly owned 65,626 shares of the company’s stock, valued at approximately $12,779,350.98. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the sale, the director owned 21,525 shares of the company’s stock, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 64,880 shares of company stock valued at $13,908,337. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 0.9%

Shares of TTWO opened at $209.20 on Friday. The firm has a market cap of $38.74 billion, a P/E ratio of -9.35, a price-to-earnings-growth ratio of 8.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79. The firm’s 50-day simple moving average is $222.21 and its 200 day simple moving average is $239.03.

Analyst Ratings Changes

Several brokerages recently commented on TTWO. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research note on Tuesday, February 10th. Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research report on Monday, December 1st. DA Davidson restated a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Finally, Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $284.44.

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.