Principal Financial Group Inc. Sells 2,947 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Principal Financial Group Inc. decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,549 shares of the company's stock after selling 2,947 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Take-Two Interactive Software worth $34,340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Take-Two Interactive Software by 109.6% in the 3rd quarter. Blue Trust Inc. now owns 503 shares of the company's stock valued at $78,000 after acquiring an additional 263 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Take-Two Interactive Software by 3.3% in the third quarter. Raymond James & Associates now owns 147,645 shares of the company's stock valued at $22,694,000 after purchasing an additional 4,684 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Take-Two Interactive Software by 19.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,784 shares of the company's stock worth $582,000 after purchasing an additional 626 shares in the last quarter. Hartford Investment Management Co. boosted its holdings in Take-Two Interactive Software by 0.7% during the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company's stock worth $1,576,000 after purchasing an additional 74 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Take-Two Interactive Software by 15,111.2% in the third quarter. International Assets Investment Management LLC now owns 73,166 shares of the company's stock valued at $11,246,000 after purchasing an additional 72,685 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Transactions at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were 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 $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.45% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded down $3.59 during mid-day trading on Friday, reaching $211.65. 1,438,824 shares of the company's stock were exchanged, compared to its average volume of 1,974,073. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $218.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The business's fifty day simple moving average is $190.64 and its two-hundred day simple moving average is $173.12. The firm has a market capitalization of $37.36 billion, a PE ratio of -9.92, a price-to-earnings-growth ratio of 6.83 and a beta of 0.89.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTWO shares. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. DA Davidson started coverage on Take-Two Interactive Software in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. TD Cowen boosted their price target on Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Wedbush reissued an "outperform" rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a report on Friday, February 7th. Finally, StockNews.com downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and a consensus price target of $210.55.

About Take-Two Interactive Software

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.