SG Americas Securities LLC Acquires 213,783 Shares of Take-Two Interactive Software, Inc. $TTWO

SG Americas Securities LLC lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 201.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,643 shares of the company’s stock after buying an additional 213,783 shares during the period. SG Americas Securities LLC owned about 0.17% of Take-Two Interactive Software worth $63,129,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in Take-Two Interactive Software during the first quarter valued at approximately $425,000. Empowered Funds LLC raised its stake in shares of Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at approximately $2,747,000. Finally, Jump Financial LLC boosted its holdings in shares of Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after buying an additional 3,650 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Finally, DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average target price of $287.06.

Insider Buying and Selling at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the sale, the president owned 40,358 shares of the company’s stock, valued at approximately $8,720,960.22. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 569,515 shares of company stock worth $128,310,552. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $239.57 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $44.48 billion, a P/E ratio of -147.88, a P/E/G ratio of 4.73 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The stock has a 50 day moving average of $221.20 and a 200-day moving average of $222.72.

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.