Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,325 shares of the company's stock after purchasing an additional 2,896 shares during the period. IFM Investors Pty Ltd's holdings in Take-Two Interactive Software were worth $6,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TTWO. OneDigital Investment Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth $223,000. GF Fund Management CO. LTD. boosted its holdings in Take-Two Interactive Software by 1.6% during the first quarter. GF Fund Management CO. LTD. now owns 33,807 shares of the company's stock worth $7,007,000 after buying an additional 522 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Take-Two Interactive Software by 29.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,595 shares of the company's stock valued at $331,000 after acquiring an additional 362 shares during the period. North Capital Inc. purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter worth approximately $35,000. Finally, Summit Place Financial Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 44.4% during the 1st quarter. Summit Place Financial Advisors LLC now owns 5,873 shares of the company's stock worth $1,217,000 after acquiring an additional 1,807 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Trading Up 1.0%

Shares of TTWO traded up $2.42 during trading hours on Monday, hitting $242.53. The stock had a trading volume of 1,924,471 shares, compared to its average volume of 1,790,195. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $245.08. The firm has a market cap of $43.03 billion, a P/E ratio of -9.55, a P/E/G ratio of 6.25 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The company's fifty day simple moving average is $232.44 and its 200 day simple moving average is $211.47.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the transaction, the insider owned 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction 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 completion of the sale, the president owned 1,206,427 shares of the company's stock, valued at approximately $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 quarter, insiders have sold 460,378 shares of company stock worth $103,915,994. Company insiders own 1.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TTWO shares. Morgan Stanley boosted their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Benchmark lifted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. UBS Group raised their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Robert W. Baird upped their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Raymond James Financial reissued an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average target price of $228.10.

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.