Fiera Capital Corp Boosts Stake in Take-Two Interactive Software, Inc. $TTWO

Fiera Capital Corp increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 33.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 64,403 shares of the company’s stock after purchasing an additional 16,314 shares during the period. Fiera Capital Corp’s holdings in Take-Two Interactive Software were worth $16,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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 buying an additional 166,661 shares during the period. State Street Corp boosted its position in Take-Two Interactive Software by 4.1% in the 3rd quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after buying an additional 429,083 shares during the period. Geode Capital Management LLC boosted its position in Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after buying an additional 60,893 shares during the period. Norges Bank purchased a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $735,389,000. Finally, Ninety One UK Ltd boosted its position in Take-Two Interactive Software by 2.8% in the 4th quarter. Ninety One UK Ltd now owns 1,926,744 shares of the company’s stock valued at $493,304,000 after buying an additional 52,881 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares in the company, valued at $28,915,609.48. The trade was a 13.81% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 551,748 shares of company stock worth $124,430,762. 1.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on TTWO. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. 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. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Wells Fargo & Company decreased their price target 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. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus target price of $287.06.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $212.55 on Tuesday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The firm’s fifty day simple moving average is $215.89 and its 200-day simple moving average is $224.01. The firm has a market capitalization of $39.46 billion, a price-to-earnings ratio of -131.20, a PEG ratio of 3.27 and a beta of 0.98. The company has a current ratio of 1.24, a quick 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.