MML Investors Services LLC has sold its interest in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) increased 10.0% during the third quarter, Holdings Channel.com reports. The company owned 8,998 shares of the company, having acquired an additional 815 shares during the quarter. MML Investors Services LLC’s stake in Take-Two Interactive Software was worth $1,383,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also increased or decreased their stakes in TTWO. State Street Corp increased its position in shares of Take-Two Interactive Software by 8.8% during the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after purchasing an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Take-Two Interactive Software by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after purchasing an additional 648,982 shares during the period. Ameriprise Financial Inc. increased its position in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after purchasing an additional 666,198 shares during the period. UBS AM, a separate business unit of UBS ASSET MANAGEMENT AMERICAS LLC, increased its position in shares of Take-Two Interactive Software by 10.9% during the third quarter. UBS AM, a separate business unit of UBS ASSET MANAGEMENT AMERICAS LLC, now owns 4,240,565 shares of the company’s stock worth $651,817,000 after purchasing an additional 417,325 shares during the period. Finally, 1832 Asset Management LP increased its position in shares of Take-Two Interactive Software by 49.9% during the second quarter. 1832 Asset Management LP now owns 1,619,380 shares of the company’s stock valued at $251,797,000 after purchasing an additional 538,906 shares during the period. 95.46% of the shares are owned by hedge funds and other institutional investors.
Insider activity
In other news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. This represents a 0.52% decrease in their ownership of the shares. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares in a transaction that occurred on Friday, November 8th. The shares sold at an average price of $179.17, for a total value of $358,340.00. Following the sale, the director now directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This trade represents a 17.11% drop in their position. The explanation of this sale can be found here. Insiders own 1.45% of the company’s shares.
Analyst upgrades and downgrades
TTWO has been the subject of several analyst reports. UBS Group raised their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7. Roth Mkm raised their price target on Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Tuesday, November 19. TD Cowen raised their price objective on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, November 22. Oppenheimer lifted their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of ‘Moderate Buy’ and a consensus target price of $197.58.
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Take-Two Interactive Software shares down 2.2%
Shares of NASDAQ TTWO opened at $181.90 on Thursday. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of -8.60, a PEG ratio of 5.76 and a beta of 0.89. Take-Two Interactive Software, Inc. has a one-year low of $135.24 and a one-year high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day simple moving average is $175.02 and its two-hundred-day simple moving average is $161.04.
Take-Two Interactive Software Company Profile
(Free report)
Take-Two Interactive Software, Inc develops, publishes and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the names Grand Theft Auto, LA Noire, Max Payne, Midnight Club and Red Dead Redemption, as well as other franchises.
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Would you like to see which other hedge funds own TTWO? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report).
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