Sterling Capital Management LLC Has $22.53 Million Stake in Take-Two Interactive Software, Inc. $TTWO

by · The Cerbat Gem

Sterling Capital Management LLC raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,066 shares of the company’s stock after acquiring an additional 36,510 shares during the quarter. Sterling Capital Management LLC’s holdings in Take-Two Interactive Software were worth $22,528,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Take-Two Interactive Software by 30.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after acquiring an additional 45 shares in the last quarter. First Horizon Corp lifted its stake in shares of Take-Two Interactive Software by 26.4% in the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after purchasing an additional 46 shares during the period. Hunter Associates Investment Management LLC boosted its position in shares of Take-Two Interactive Software by 0.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after purchasing an additional 48 shares in the last quarter. Independence Bank of Kentucky boosted its position in shares of Take-Two Interactive Software by 3.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock valued at $363,000 after purchasing an additional 50 shares in the last quarter. Finally, Huntington National Bank grew its stake in Take-Two Interactive Software by 4.5% during the fourth quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after purchasing an additional 57 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the transaction, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 570,015 shares of company stock worth $128,432,857 in the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTWO shares. BMO Capital Markets lifted their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Bank of America upped their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, BTIG Research initiated coverage on shares of Take-Two Interactive Software in a research report on Wednesday. They set a “buy” rating and a $290.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $292.71.

Check Out Our Latest Stock Report on TTWO

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $238.53 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The stock’s 50 day moving average is $223.96 and its 200-day moving average is $222.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $44.29 billion, a price-to-earnings ratio of -147.24, a PEG ratio of 4.72 and a beta of 0.98.

Take-Two Interactive Software Company Profile

(Free Report)

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.

See Also

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