M&G PLC Purchases Shares of 48,314 Take-Two Interactive Software, Inc. $TTWO

Key Points

• M&G PLC established a new position in Take-Two by acquiring 48,314 shares in Q3, valued at approximately $12.47 million.
• Analysts are largely positive on TTWO — one Strong Buy, 17 Buy, 1 Hold and 1 Sell — with an average rating of "Moderate Buy" and an average price target of $283.94.
• Director Ellen F. Siminoff sold 414 shares (reducing her stake by 14.56%); insiders own 1.34% of the stock while institutional investors hold about 95.46%.

M&G PLC acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,314 shares of the company's stock, valued at approximately $12,465,000.

Other hedge funds have also modified their holdings of the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Take-Two Interactive Software during the second quarter worth $27,000. Pinnacle Bancorp Inc. bought a new position in Take-Two Interactive Software in the third quarter valued at $29,000. LGT Financial Advisors LLC acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at $34,000. Finally, NewSquare Capital LLC lifted its position in Take-Two Interactive Software by 55.3% during the 2nd quarter. NewSquare Capital LLC now owns 146 shares of the company's stock worth $35,000 after buying an additional 52 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTWO. Wells Fargo & Company raised their price objective on Take-Two Interactive Software from $288.00 to $301.00 and gave the company an "overweight" rating in a report on Wednesday, February 4th. Morgan Stanley boosted their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 13th. UBS Group increased their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Wedbush restated an "outperform" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Thursday, January 29th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $283.94.

Insider Transactions at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the transaction, the director owned 2,429 shares in the company, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $193.67 on Tuesday. The stock has a market cap of $35.86 billion, a PE ratio of -8.65, a P/E/G ratio of 10.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50-day moving average of $237.10 and a 200-day moving average of $241.74. Take-Two Interactive Software, Inc. has a 52-week low of $188.56 and a 52-week high of $264.79.

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.

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