Fifth Third Bancorp Increases Stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Fifth Third Bancorp grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 49.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,591 shares of the company's stock after purchasing an additional 8,443 shares during the period. Fifth Third Bancorp's holdings in Take-Two Interactive Software were worth $5,304,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Empowered Funds LLC boosted its holdings in Take-Two Interactive Software by 17.1% in the fourth quarter. Empowered Funds LLC now owns 2,934 shares of the company's stock valued at $540,000 after purchasing an additional 428 shares during the period. Savant Capital LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at about $236,000. Allspring Global Investments Holdings LLC raised its position in Take-Two Interactive Software by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,667 shares of the company's stock valued at $24,104,000 after purchasing an additional 2,585 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Take-Two Interactive Software by 4.6% in the 4th quarter. Van ECK Associates Corp now owns 252,233 shares of the company's stock valued at $46,431,000 after buying an additional 11,033 shares during the period. Finally, Avestar Capital LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $218,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 216,661 shares of the firm's stock in a transaction on 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 now directly owns 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now directly owns 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 460,378 shares of company stock worth $103,915,994 in the last 90 days. 1.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on TTWO shares. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Wedbush restated an "outperform" rating and issued a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Ascendiant Capital Markets boosted their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $236.00 target price (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO traded down $1.08 on Tuesday, reaching $237.52. The stock had a trading volume of 1,713,044 shares, compared to its average volume of 1,749,591. 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 stock has a market cap of $42.14 billion, a P/E ratio of -9.35, a price-to-earnings-growth ratio of 5.82 and a beta of 1.03. The business's 50-day moving average price is $225.22 and its 200 day moving average price is $206.48. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $240.78.

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.