Principal Financial Group Inc. Acquires 10,491 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Principal Financial Group Inc. grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,496 shares of the company's stock after acquiring an additional 10,491 shares during the period. Principal Financial Group Inc. owned about 0.11% of Take-Two Interactive Software worth $29,127,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TTWO. Ninety One UK Ltd lifted its stake in Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company's stock valued at $197,383,000 after purchasing an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Take-Two Interactive Software by 2,224.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company's stock valued at $160,440,000 after buying an additional 1,034,000 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Take-Two Interactive Software by 3,786.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company's stock valued at $128,442,000 after purchasing an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock worth $694,173,000 after buying an additional 666,198 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Take-Two Interactive Software by 1,780.1% during the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company's stock valued at $70,807,000 after purchasing an additional 436,150 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TTWO shares. HSBC raised Take-Two Interactive Software from a "hold" rating to a "buy" rating and set a $179.00 price objective for the company in a research report on Monday, August 12th. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. The Goldman Sachs Group boosted their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Benchmark lifted their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Finally, Redburn Atlantic started coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a "buy" rating and a $194.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $188.05.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded up $1.05 on Wednesday, reaching $181.60. 536,370 shares of the company's stock traded hands, compared to its average volume of 1,612,271. The business's 50 day simple moving average is $157.60 and its two-hundred day simple moving average is $154.37. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $182.16. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares of the company's stock, valued at $1,736,515.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company's stock, valued at $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by insiders.

Take-Two Interactive Software Profile

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.