Take-Two Interactive Software, Inc. $TTWO Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 23.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,594 shares of the company’s stock after buying an additional 24,394 shares during the period. CIBC Asset Management Inc’s holdings in Take-Two Interactive Software were worth $32,668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Take-Two Interactive Software by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after buying an additional 166,661 shares during the last quarter. State Street Corp increased its position in Take-Two Interactive Software by 4.1% during the third quarter. State Street Corp now owns 11,012,647 shares of the company’s stock worth $2,845,084,000 after purchasing an additional 429,083 shares during the last quarter. Geode Capital Management LLC increased its position in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after purchasing an additional 60,893 shares during the last quarter. Norges Bank acquired a new stake in Take-Two Interactive Software during the fourth quarter worth about $735,389,000. Finally, Ninety One UK Ltd increased its position in Take-Two Interactive Software by 2.8% during the fourth quarter. Ninety One UK Ltd now owns 1,926,744 shares of the company’s stock worth $493,304,000 after purchasing an additional 52,881 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Trading Down 3.0%

Shares of TTWO stock opened at $215.80 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $40.07 billion, a PE ratio of -133.21, a price-to-earnings-growth ratio of 3.40 and a beta of 0.98. The company has a 50-day moving average of $214.60 and a two-hundred day moving average of $224.46. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the transaction, the insider owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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. Also, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 550,597 shares of company stock valued at $124,180,972. 1.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wells Fargo & Company cut their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, 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 objective for the company in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $287.06.

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.