Natixis Advisors LLC Has $28.53 Million Stock Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Key Points

• Natixis Advisors LLC increased its holdings in Take-Two Interactive Software, Inc. by 2.9%, purchasing an additional 3,818 shares, bringing its total ownership to 137,645 shares valued at approximately $28.5 million.
• Several analysts have upgraded their ratings for Take-Two, with JPMorgan Chase raising their price target from $225.00 to $250.00, and other firms also issuing positive ratings, reflecting strong investor sentiment.
• Insider activity shows significant selling, with President Karl Slatoff selling 216,661 shares valued at nearly $48.9 million, indicating a 15.22% reduction in his holdings.

Natixis Advisors LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,645 shares of the company's stock after buying an additional 3,818 shares during the period. Natixis Advisors LLC owned about 0.08% of Take-Two Interactive Software worth $28,527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Moody Lynn & Lieberson LLC raised its stake in shares of Take-Two Interactive Software by 0.9% during the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock worth $1,050,000 after purchasing an additional 45 shares in the last quarter. Adero Partners LLC raised its stake in shares of Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock worth $370,000 after purchasing an additional 51 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Take-Two Interactive Software by 46.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after purchasing an additional 57 shares in the last quarter. State of Wyoming raised its stake in shares of Take-Two Interactive Software by 13.0% during the 4th quarter. State of Wyoming now owns 522 shares of the company's stock worth $96,000 after purchasing an additional 60 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of Take-Two Interactive Software by 4.0% during the 1st quarter. Simon Quick Advisors LLC now owns 1,681 shares of the company's stock worth $348,000 after purchasing an additional 64 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

TTWO stock traded up $5.41 during trading on Monday, hitting $225.99. The company had a trading volume of 1,873,561 shares, compared to its average volume of 1,727,985. The company has a fifty day moving average price of $233.70 and a two-hundred day moving average price of $218.18. Take-Two Interactive Software, Inc. has a fifty-two week low of $135.24 and a fifty-two week high of $245.07. The company has a market cap of $41.69 billion, a P/E ratio of -8.90, a P/E/G ratio of 5.66 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTWO shares. 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 research report on Wednesday, July 23rd. DA Davidson lifted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, May 16th. UBS Group upped their price target on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. Benchmark raised their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Robert W. Baird lifted their price target 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 analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus price target of $234.05.

Insider Activity

In related news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software 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 completion of the transaction, the director directly owned 3,290 shares of the company's stock, valued at $782,362. This trade represents a 11.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Strauss Zelnick 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 completion of the transaction, the chief executive officer owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 460,792 shares of company stock worth $104,014,443 over the last 90 days. 1.34% of the stock is currently owned by company 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.