48,314 Shares in Take-Two Interactive Software, Inc. $TTWO Purchased by M&G PLC

M&G PLC acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 48,314 shares of the company’s stock, valued at approximately $12,465,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TTWO. Private Trust Co. NA increased its holdings in shares of Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after purchasing an additional 39 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after buying an additional 39 shares during the period. Mather Group LLC. grew its position in Take-Two Interactive Software by 2.7% during the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after buying an additional 39 shares in the last quarter. Blue Trust Inc. increased its stake in Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares during the period. Finally, STF Management LP increased its stake in Take-Two Interactive Software by 1.8% during the 2nd quarter. STF Management LP now owns 2,616 shares of the company’s stock worth $635,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $193.67 on Tuesday. The company’s 50 day moving average price is $237.10 and its two-hundred day moving average price is $241.74. The firm has a market capitalization of $35.86 billion, a P/E ratio of -8.65, a P/E/G ratio of 10.34 and a beta of 0.92. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TTWO has been the topic of several analyst reports. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a report on Tuesday, February 10th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Jefferies Financial Group raised their target price on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.94.

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.