Take-Two Interactive Software, Inc. $TTWO Shares Purchased by Legal & General Group Plc

Legal & General Group Plc raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,030,873 shares of the company’s stock after buying an additional 67,894 shares during the quarter. Legal & General Group Plc owned approximately 0.56% of Take-Two Interactive Software worth $263,934,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd bought a new stake in Take-Two Interactive Software in the third quarter valued at $26,000. GHP Investment Advisors Inc. bought a new stake in Take-Two Interactive Software in the fourth quarter valued at $28,000. Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the fourth quarter valued at $34,000. True Wealth Design LLC lifted its stake in Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after buying an additional 68 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in Take-Two Interactive Software in the third quarter valued at $40,000. 95.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on TTWO. Wells Fargo & Company cut their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Raymond James Financial upgraded 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 research note on Tuesday, February 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.53.

Insider Transactions at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $214.40, for a total value of $11,160,377.60. Following the transaction, the chief executive officer owned 178,702 shares of the company’s stock, valued at approximately $38,313,708.80. This trade represents a 22.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares in the company, valued at $4,586,762.25. This represents a 6.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 64,724 shares of company stock valued at $13,866,155 in the last three months. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $220.67 on Wednesday. The business’s 50-day moving average price is $212.53 and its 200 day moving average price is $225.25. The firm has a market cap of $40.86 billion, a P/E ratio of -136.22, a PEG ratio of 3.45 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

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.