XTX Topco Ltd Makes New Investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• XTX Topco Ltd has acquired 5,826 shares of Take-Two Interactive Software, valued at approximately $1.2 million, highlighting interest from institutional investors in the company.
• Wall Street analysts have raised their price targets for Take-Two Interactive Software, with Citigroup increasing their target from $260 to $270 and Morgan Stanley boosting theirs from $210 to $265, maintaining a general bullish sentiment.
• Insider activity shows that CEO Strauss Zelnick and Director Ellen F. Siminoff have sold significant shares recently, indicating a potential decrease in confidence, despite strong institutional interest.

XTX Topco Ltd acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,826 shares of the company's stock, valued at approximately $1,207,000.

Other hedge funds also recently bought and sold shares of the company. Orion Portfolio Solutions LLC grew its stake in shares of Take-Two Interactive Software by 26.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 5,117 shares of the company's stock valued at $942,000 after buying an additional 1,081 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Take-Two Interactive Software by 72.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,600 shares of the company's stock valued at $294,000 after buying an additional 674 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Take-Two Interactive Software by 42.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,822 shares of the company's stock valued at $1,624,000 after buying an additional 2,645 shares during the period. Alliancebernstein L.P. grew its stake in shares of Take-Two Interactive Software by 3.5% in the 4th quarter. Alliancebernstein L.P. now owns 300,583 shares of the company's stock valued at $55,331,000 after buying an additional 10,039 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Take-Two Interactive Software by 19.9% in the 4th quarter. Franklin Resources Inc. now owns 14,587 shares of the company's stock valued at $2,685,000 after buying an additional 2,420 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO traded up $5.41 during trading on Monday, reaching $225.99. The company's stock had a trading volume of 1,873,561 shares, compared to its average volume of 1,727,985. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $41.69 billion, a price-to-earnings ratio of -8.90, a P/E/G ratio of 5.66 and a beta of 0.99. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.07. The business's fifty day moving average price is $233.70 and its 200-day moving average price is $218.18.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TTWO shares. JPMorgan Chase & Co. increased their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Robert W. Baird increased their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen cut shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, UBS Group increased their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $234.05.

Insider Activity

In related news, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the president owned 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Strauss Zelnick sold 216,661 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the chief executive officer directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,792 shares of company stock worth $104,014,443 in the last ninety days. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.