Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Shares Bought by Principal Financial Group Inc.

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its holdings in Take-Two Interactive Software by 8.8% during the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company's stock worth $1,675,241,000 after buying an additional 880,816 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company's stock valued at $828,994,000 after acquiring an additional 648,982 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 valued at $694,173,000 after acquiring an additional 666,198 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Take-Two Interactive Software by 10.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company's stock valued at $651,817,000 after purchasing an additional 417,325 shares during the period. Finally, Geode Capital Management LLC grew its stake in Take-Two Interactive Software by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company's stock worth $614,511,000 after purchasing an additional 134,767 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded up $2.17 during mid-day trading on Wednesday, reaching $185.39. The company had a trading volume of 461,104 shares, compared to its average volume of 1,595,182. The stock's 50-day simple moving average is $177.87 and its 200-day simple moving average is $161.67. Take-Two Interactive Software, Inc. has a 1 year low of $135.24 and a 1 year high of $191.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $32.56 billion, a P/E ratio of -8.76, a P/E/G ratio of 5.76 and a beta of 0.88.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares of the company's stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now directly owns 9,692 shares of the company's stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTWO. StockNews.com upgraded Take-Two Interactive Software from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. BMO Capital Markets reissued an "outperform" rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. UBS Group lifted their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Roth Mkm raised their price target on Take-Two Interactive Software from $182.00 to $208.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Stifel Nicolaus upped their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average price target of $197.58.

Take-Two Interactive Software Company 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.