Take-Two Interactive Software Inc (TTWO) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its stake in shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) by 103.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,857 shares of the company’s stock after buying an additional 112,870 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.19% of Take-Two Interactive Software worth $22,680,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Dupont Capital Management Corp purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $102,000. Invictus RG grew its position in Take-Two Interactive Software by 1,188.8% during the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after purchasing an additional 951 shares during the last quarter. Pittenger & Anderson Inc. grew its position in Take-Two Interactive Software by 124.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after purchasing an additional 900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Take-Two Interactive Software by 233.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock worth $173,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in Take-Two Interactive Software by 1,088.9% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,712 shares of the company’s stock worth $175,000 after purchasing an additional 1,568 shares during the last quarter. Institutional investors and hedge funds own 91.15% of the company’s stock.
TTWO has been the subject of several research reports. Piper Jaffray Companies restated a “buy” rating and set a $125.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, November 8th. Credit Suisse Group restated a “hold” rating and set a $116.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, December 7th. Buckingham Research boosted their target price on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Cowen cut shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 target price for the company. in a research note on Monday, October 9th. Finally, Benchmark reiterated a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of Take-Two Interactive Software in a research note on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $114.23.
In other news, CEO Strauss Zelnick sold 31,004 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Dornemann sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $118.50, for a total transaction of $651,750.00. Following the completion of the sale, the director now directly owns 4,777 shares in the company, valued at approximately $566,074.50. The disclosure for this sale can be found here. Insiders sold 66,504 shares of company stock valued at $7,729,606 in the last three months. 1.55% of the stock is currently owned by insiders.
Shares of Take-Two Interactive Software Inc (TTWO) opened at $109.14 on Tuesday. Take-Two Interactive Software Inc has a 1-year low of $48.58 and a 1-year high of $120.62. The stock has a market cap of $12,598.31, a price-to-earnings ratio of 104.94, a PEG ratio of 3.20 and a beta of 0.81. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.
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Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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