Take-Two Interactive Software, Inc. $TTWO Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group increased its Q4 stake in Take‑Two by 0.8%, buying 166,661 shares to hold 21,868,194 shares — about 11.83% of the company, valued at roughly $5.60 billion.
• Wall Street is largely bullish: MarketBeat shows an average rating of “Moderate Buy” with an average price target of $284.31 (1 Strong Buy, 16 Buy, 1 Hold, 1 Sell).
• Corporate insiders sold a total of 65,292 shares worth about $13.98 million over the past 90 days, while institutional investors own approximately 95.46% of TTWO; the stock trades around $213.77 with a market cap near $39.6 billion.

Vanguard Group Inc. boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,868,194 shares of the company's stock after acquiring an additional 166,661 shares during the quarter. Vanguard Group Inc. owned about 11.83% of Take-Two Interactive Software worth $5,598,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $28,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $29,000. Meeder Asset Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 216.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company's stock valued at $35,000 after buying an additional 93 shares during the period. Finally, True Wealth Design LLC raised its holdings in Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company's stock worth $36,000 after purchasing an additional 68 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TTWO. Raymond James Financial raised Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 price objective for the company in a report on Tuesday, February 10th. DA Davidson reissued a "buy" rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Wells Fargo & Company dropped their price target on Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating for the company in a research report on Monday, April 6th. Zacks Research downgraded Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th. Finally, Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average price target of $284.31.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 155 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the sale, the director directly owned 65,626 shares of the company's stock, valued at $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Dornemann sold 1,390 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the sale, the director directly owned 21,525 shares of the company's stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,292 shares of company stock valued at $13,978,938 over the last 90 days. Corporate insiders own 1.34% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $213.77 on Tuesday. The company has a market cap of $39.58 billion, a P/E ratio of -9.55, a P/E/G ratio of 3.15 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. The business has a fifty day simple moving average of $205.09 and a 200-day simple moving average of $229.08.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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