Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Bought by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp significantly boosted its stake in Take-Two Interactive Software by 311.9%, owning 64,666 shares valued at $13.4 million after acquiring an additional 48,968 shares in Q1.
• Insider activity showed sales of 460,792 shares valued at over $104 million by company executives, with notable decreases in their ownership percentages.
• Analysts have mixed views on TTWO, with one downgrade to "sell" but a strong bullish consensus overall, leading to a current price target range of $234.05.

Mackenzie Financial Corp grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 311.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,666 shares of the company's stock after purchasing an additional 48,968 shares during the quarter. Mackenzie Financial Corp's holdings in Take-Two Interactive Software were worth $13,402,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Clarius Group LLC purchased a new position in shares of Take-Two Interactive Software during the first quarter worth about $404,000. Landscape Capital Management L.L.C. purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $1,442,000. Stonebridge Financial Group LLC grew its holdings in shares of Take-Two Interactive Software by 3,986.2% during the first quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock worth $246,000 after buying an additional 1,156 shares during the last quarter. Cornerstone Investment Partners LLC grew its holdings in shares of Take-Two Interactive Software by 14.1% during the first quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company's stock worth $60,645,000 after buying an additional 36,112 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Take-Two Interactive Software by 8.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company's stock worth $2,910,000 after buying an additional 1,231 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded down $2.15 during trading on Friday, hitting $220.58. 1,396,310 shares of the company were exchanged, compared to its average volume of 1,658,162. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $245.07. The stock has a market capitalization of $40.69 billion, a price-to-earnings ratio of -8.69, a P/E/G ratio of 5.72 and a beta of 0.99. The firm has a 50 day moving average price of $233.70 and a 200 day moving average price of $217.68.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wedbush raised Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. Morgan Stanley raised their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Robert W. Baird boosted their target price on 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and an average target price of $234.05.

Insider Buying and Selling

In related news, CEO Strauss Zelnick sold 216,661 shares of Take-Two Interactive Software stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Karl Slatoff sold 216,661 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 460,792 shares of company stock valued at $104,014,443. 1.45% of the stock is currently owned by company insiders.

Take-Two Interactive Software 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.