Invesco Ltd. Has $616.61 Million Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Invesco Ltd. increased its stake in Take-Two Interactive Software by 11.0%, owning 2,975,192 shares valued at approximately $616.61 million.
• Analysts have raised target prices for Take-Two Interactive Software, with Citigroup increasing theirs from $260 to $270 and Wedbush from $269 to $275, while the stock has a consensus rating of Moderate Buy.
• Insider trading has seen significant activity, with CEO Strauss Zelnick selling 216,661 shares at an average price of $225.75, reflecting a 15.22% decrease in his position.

Invesco Ltd. raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,975,192 shares of the company's stock after purchasing an additional 294,378 shares during the quarter. Invesco Ltd. owned 1.69% of Take-Two Interactive Software worth $616,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. True North Advisors LLC acquired a new stake in Take-Two Interactive Software during the first quarter valued at approximately $221,000. Benjamin Edwards Inc. boosted its holdings in Take-Two Interactive Software by 45.6% during the first quarter. Benjamin Edwards Inc. now owns 2,913 shares of the company's stock valued at $604,000 after purchasing an additional 912 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Take-Two Interactive Software during the first quarter valued at approximately $211,000. Koss Olinger Consulting LLC acquired a new stake in Take-Two Interactive Software during the first quarter valued at approximately $521,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth about $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTWO has been the topic of several analyst reports. Citigroup upped their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wedbush upped their target price on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday. Robert W. Baird upped their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wall Street Zen lowered shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, UBS Group upped their target price on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $242.43.

Take-Two Interactive Software Stock Down 4.0%

Shares of NASDAQ TTWO opened at $217.37 on Friday. The firm has a market capitalization of $40.10 billion, a PE ratio of -9.08, a price-to-earnings-growth ratio of 5.50 and a beta of 0.99. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a 1 year low of $141.34 and a 1 year high of $245.07. The firm's 50-day moving average is $233.54 and its 200-day moving average is $219.28.

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the sale, the chief executive officer directly owned 1,206,427 shares in the company, valued at $272,350,895.25. This trade represents a 15.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total transaction of $98,449.20. Following the completion of the sale, the director owned 3,290 shares in the company, valued at $782,362. This represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock worth $104,014,443 over the last quarter. Company insiders own 1.34% of the company's stock.

About Take-Two Interactive Software

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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