Advisors Asset Management Inc. Raises Position in Take-Two Interactive Software, Inc. (TTWO)

Advisors Asset Management Inc. boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 18,063.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,902 shares of the company’s stock after buying an additional 6,864 shares during the quarter. Advisors Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Engineers Gate Manager LP raised its holdings in Take-Two Interactive Software by 1,063.4% in the 2nd quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock valued at $5,565,000 after buying an additional 69,322 shares during the last quarter. Nomura Holdings Inc. bought a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $385,000. CIBC Asset Management Inc bought a new position in Take-Two Interactive Software in the 3rd quarter valued at approximately $349,000. BNP Paribas Arbitrage SA raised its holdings in Take-Two Interactive Software by 70.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock valued at $2,886,000 after buying an additional 16,224 shares during the last quarter. Finally, Utah Retirement Systems bought a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $1,332,000. Institutional investors and hedge funds own 91.23% of the company’s stock.

In related news, CEO Strauss Zelnick sold 31,004 shares of Take-Two Interactive Software stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Dornemann sold 5,500 shares of Take-Two Interactive Software stock in a transaction 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 of the company’s stock, valued at approximately $566,074.50. The disclosure for this sale can be found here. Insiders sold a total of 66,504 shares of company stock valued at $7,729,606 in the last quarter. 1.55% of the stock is currently owned by company insiders.

Shares of Take-Two Interactive Software, Inc. (TTWO) opened at $110.76 on Monday. The firm has a market cap of $12,632.51, a price-to-earnings ratio of 43.27, a PEG ratio of 3.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. Take-Two Interactive Software, Inc. has a one year low of $46.27 and a one year high of $120.62.

Several research firms have issued reports on TTWO. MKM Partners restated a “buy” rating and set a $97.00 price target (up previously from $86.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. Benchmark restated a “buy” rating and set a $100.00 price target (up previously from $85.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. ValuEngine lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus restated a “buy” rating and set a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. Finally, Oppenheimer raised their price target on shares of Take-Two Interactive Software from $112.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average price target of $112.90.

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About Take-Two Interactive Software

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.

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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