Massachusetts Financial Services Co. MA Acquires 89,093 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Massachusetts Financial Services Co. MA raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,358,309 shares of the company's stock after buying an additional 89,093 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.04% of Take-Two Interactive Software worth $1,110,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC raised its stake in shares of Take-Two Interactive Software by 3.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 192,139 shares of the company's stock worth $39,821,000 after purchasing an additional 7,125 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Take-Two Interactive Software by 46.2% in the first quarter. SBI Securities Co. Ltd. now owns 1,651 shares of the company's stock worth $342,000 after buying an additional 522 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in Take-Two Interactive Software in the first quarter worth approximately $479,000. Signaturefd LLC raised its position in Take-Two Interactive Software by 10.1% during the first quarter. Signaturefd LLC now owns 3,317 shares of the company's stock valued at $687,000 after acquiring an additional 304 shares in the last quarter. Finally, TruNorth Capital Management LLC lifted its stake in Take-Two Interactive Software by 461.0% in the first quarter. TruNorth Capital Management LLC now owns 561 shares of the company's stock valued at $116,000 after acquiring an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 216,661 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the transaction, the president directly owned 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Strauss Zelnick sold 216,661 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the chief executive officer owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,378 shares of company stock worth $103,915,994. Company insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded up $4.54 during trading hours on Monday, hitting $238.46. 1,339,907 shares of the company traded hands, compared to its average volume of 2,051,411. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $42.31 billion, a price-to-earnings ratio of -9.39, a P/E/G ratio of 6.09 and a beta of 1.03. The firm has a 50-day moving average of $233.44 and a 200 day moving average of $213.37. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $245.07.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Benchmark increased their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Robert W. Baird upped their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wedbush upgraded Take-Two Interactive Software to a "strong-buy" rating in a report on Tuesday, July 1st. Morgan Stanley boosted their price target 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. Finally, UBS Group upped their price target on 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $230.25.

Take-Two Interactive Software 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.