1,391,606 Shares in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Acquired by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment of $288.41 million in Take-Two Interactive Software, acquiring approximately 1.39 million shares of the company.
• Analysts show a mixed outlook for Take-Two Interactive, with a consensus rating of "Moderate Buy" and a price target averaging $242.43.
• Insider selling has occurred, with CEO Strauss Zelnick selling 216,661 shares, indicating a 15.22% decrease in his ownership stake.

Nuveen LLC purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,391,606 shares of the company's stock, valued at approximately $288,410,000. Nuveen LLC owned approximately 0.79% of Take-Two Interactive Software as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clarius Group LLC acquired a new position in Take-Two Interactive Software in the 1st quarter valued at about $404,000. Mackenzie Financial Corp lifted its holdings in shares of Take-Two Interactive Software by 13.2% during the 4th quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after acquiring an additional 1,833 shares during the period. Cornerstone Investment Partners LLC grew its holdings in Take-Two Interactive Software by 14.1% in the first quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company's stock valued at $60,645,000 after purchasing an additional 36,112 shares during the period. Stonebridge Financial Group LLC raised its stake in 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 purchasing an additional 1,156 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Take-Two Interactive Software by 8.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company's stock valued at $2,910,000 after purchasing an additional 1,231 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded down $2.98 during trading hours on Thursday, reaching $233.16. 1,687,701 shares of the stock were exchanged, compared to its average volume of 2,050,675. The stock has a market capitalization of $43.01 billion, a P/E ratio of -9.74, a P/E/G ratio of 5.85 and a beta of 0.99. The firm has a 50 day simple moving average of $233.64 and a 200-day simple moving average of $219.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72. Take-Two Interactive Software, Inc. has a 52 week low of $145.50 and a 52 week high of $245.07.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The firm had revenue of $1,503,800 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned ($1.52) earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research analyst reports. Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a report on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective for the company. Citigroup boosted their target price on Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Benchmark raised their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Wedbush raised their target price on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.60.

Insider Buying and Selling

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 value of $98,449.20. Following the sale, the director directly owned 3,290 shares in the company, 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 through 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 transaction, the chief executive officer directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 460,792 shares of company stock worth $104,014,443. 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.