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ASR Vermogensbeheer N.V. Acquires New Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Take-Two Interactive Software logo with Consumer Discretionary background

Key Points

  • ASR Vermogensbeheer N.V. acquired 10,355 shares of Take-Two Interactive Software, valued at approximately $2,146,000, marking its first investment in the company according to a 13F filing.
  • Other institutional investors have also significantly increased their stakes, with notable increases from FMR LLC (67.7%) and Russell Investments Group Ltd. (34.3%) in the last quarter.
  • Recent analyst upgrades have raised price targets, with UBS Group and Bank of America both setting new targets of $285.00 and maintaining a "buy" rating for the stock.
  • Want stock alerts on Take-Two Interactive Software? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

ASR Vermogensbeheer N.V. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,355 shares of the company's stock, valued at approximately $2,146,000.

Several other large investors have also recently made changes to their positions in TTWO. Park Square Financial Group LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $28,000. North Capital Inc. purchased a new position in shares of Take-Two Interactive Software in the first quarter worth $35,000. Graybill Wealth Management LTD. purchased a new position in shares of Take-Two Interactive Software in the first quarter worth $37,000. Cullen Frost Bankers Inc. increased its stake in shares of Take-Two Interactive Software by 46.0% in the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after buying an additional 57 shares during the period. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Take-Two Interactive Software in the first quarter worth $43,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Karl Slatoff sold 216,661 shares of the company'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 completion of the sale, the president owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total transaction of $98,449.20. Following the sale, the director directly owned 3,290 shares of the company's stock, valued at $782,362. The trade was a 11.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock worth $104,014,443 in the last 90 days. Corporate insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price target on the stock. Citigroup lifted their price target on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. UBS Group lifted their price target on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Friday. Finally, Raymond James Financial boosted their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $242.43.

Check Out Our Latest Stock Analysis on Take-Two Interactive Software

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded down $9.12 during mid-day trading on Friday, reaching $217.37. The company's stock had a trading volume of 5,617,284 shares, compared to its average volume of 1,949,238. Take-Two Interactive Software, Inc. has a 12-month low of $141.34 and a 12-month high of $245.07. The firm's fifty day moving average price is $233.54 and its two-hundred day moving average price is $219.53. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The stock has a market cap of $40.10 billion, a P/E ratio of -9.08, a PEG ratio of 5.50 and a beta of 0.99.

About Take-Two Interactive Software

(Free Report)

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.

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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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