Take-Two Interactive Software, Inc. $TTWO Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,524,234 shares of the company’s stock after buying an additional 166,145 shares during the quarter. Royal Bank of Canada’s holdings in Take-Two Interactive Software were worth $301,036,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LBP AM SA boosted its stake in shares of Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after acquiring an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after purchasing an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after purchasing an additional 14,050 shares in the last quarter. Fiera Capital Corp raised its holdings in Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after purchasing an additional 16,314 shares during the period. Finally, Swedbank AB raised its holdings in Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after purchasing an additional 9,556 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTWO shares. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Bank of America upped their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $294.44.

Take-Two Interactive Software Trading Down 0.5%

Shares of Take-Two Interactive Software stock opened at $246.43 on Thursday. 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, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The firm has a market capitalization of $46.08 billion, a PE ratio of -152.12, a P/E/G ratio of 4.60 and a beta of 0.96. The firm’s 50-day moving average price is $234.03 and its 200 day moving average price is $221.56.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the president directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider owned 131,668 shares of the company’s stock, valued at $28,915,609.48. The trade was a 13.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 569,936 shares of company stock valued at $128,431,438. 1.34% of the stock is owned by insiders.

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.