Truist Financial Corp Has $18.67 Million Position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Truist Financial Corp cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,425 shares of the company's stock after selling 9,446 shares during the period. Truist Financial Corp owned approximately 0.06% of Take-Two Interactive Software worth $18,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $27,000. Truvestments Capital LLC bought a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in shares of Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company's stock valued at $34,000 after acquiring an additional 87 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company's stock valued at $43,000 after acquiring an additional 115 shares in the last quarter. Finally, AM Squared Ltd bought a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $46,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO traded down $3.90 on Friday, reaching $211.34. 758,700 shares of the company's stock were exchanged, compared to its average volume of 1,796,337. The company has a market capitalization of $37.30 billion, a price-to-earnings ratio of -9.89, a PEG ratio of 6.82 and a beta of 0.89. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $218.75. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $190.12 and a 200-day moving average of $172.39.

Insider Activity

In other news, insider Daniel P. Emerson sold 777 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTWO. Raymond James restated an "outperform" rating and issued a $220.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. DA Davidson began coverage on Take-Two Interactive Software in a report on Tuesday. They issued a "buy" rating and a $250.00 price objective for the company. TD Cowen raised their price objective on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a "buy" rating in a report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average 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.