Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Bought by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Take-Two Interactive Software by 32.7%, owning 467,644 shares valued at approximately $96.92 million as of its latest SEC filing.
• Insider transactions showed a significant sale, with President Karl Slatoff selling 216,661 shares for about $48.91 million, representing a 15.22% decrease in his position.
• Analysts remain optimistic about Take-Two Interactive, with a consensus rating of "Moderate Buy" and an average price target of $232.50 following multiple upward revisions from various firms.

TD Asset Management Inc raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 32.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,644 shares of the company's stock after acquiring an additional 115,142 shares during the quarter. TD Asset Management Inc owned approximately 0.26% of Take-Two Interactive Software worth $96,919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TTWO. Clarius Group LLC acquired a new stake in shares of Take-Two Interactive Software in the 1st quarter worth $404,000. Landscape Capital Management L.L.C. acquired a new stake in Take-Two Interactive Software during the 4th quarter worth about $1,442,000. Mackenzie Financial Corp lifted its position in 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. Stonebridge Financial Group LLC lifted its position in Take-Two Interactive Software by 3,986.2% during the 1st quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock worth $246,000 after acquiring an additional 1,156 shares during the period. Finally, Cornerstone Investment Partners LLC lifted its position in Take-Two Interactive Software by 14.1% during the 1st quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company's stock worth $60,645,000 after acquiring an additional 36,112 shares during the period. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO traded up $1.28 during trading hours on Wednesday, hitting $225.26. 378,919 shares of the stock were exchanged, compared to its average volume of 2,024,170. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $245.07. The firm's fifty day moving average price is $233.91 and its 200 day moving average price is $217.05. 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 company has a market cap of $39.97 billion, a P/E ratio of -8.88, a P/E/G ratio of 5.88 and a beta of 1.03.

Analyst Ratings Changes

TTWO has been the subject of a number of research reports. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. DA Davidson lifted their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Raymond James Financial reaffirmed 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. Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a research report on Monday. They set an "overweight" rating and a $265.00 price target for the company. Finally, UBS Group boosted their price objective on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average price target of $234.05.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 216,661 shares of the company'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 president directly owned 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the sale, the director owned 3,290 shares of the company's stock, valued at $782,362. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 460,792 shares of company stock valued at $104,014,443 in the last 90 days. Corporate insiders own 1.45% of the company's stock.

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.