Strs Ohio Acquires 15,593 Shares of Take-Two Interactive Software, Inc. $TTWO

Strs Ohio increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,157 shares of the company’s stock after acquiring an additional 15,593 shares during the period. Strs Ohio’s holdings in Take-Two Interactive Software were worth $17,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTWO. Vanguard Group Inc. lifted its stake in shares of Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after purchasing an additional 166,661 shares during the last quarter. State Street Corp raised its holdings in Take-Two Interactive Software by 3.5% during the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after buying an additional 390,331 shares during the period. Geode Capital Management LLC lifted its position in Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after buying an additional 60,893 shares during the last quarter. Invesco Ltd. lifted its position in Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after buying an additional 16,758 shares during the last quarter. Finally, Norges Bank purchased a new position in Take-Two Interactive Software during the fourth quarter worth $735,389,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on TTWO shares. Bank of America boosted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.88.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the sale, the director directly owned 21,868 shares of the company’s stock, valued at $5,349,131.48. The trade was a 2.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 570,015 shares of company stock worth $128,432,857 over the last ninety days. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $254.99 on Friday. The firm has a fifty day moving average price of $227.54 and a 200-day moving average price of $222.89. 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 firm has a market capitalization of $47.34 billion, a P/E ratio of -157.40, a P/E/G ratio of 4.99 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.

Take-Two Interactive Software 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.