American International Group Inc. Has $9.58 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

American International Group Inc. increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 26.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,512 shares of the company’s stock after purchasing an additional 12,442 shares during the period. American International Group Inc.’s holdings in Take-Two Interactive Software were worth $9,578,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Take-Two Interactive Software during the fourth quarter worth approximately $25,000. MCF Advisors LLC grew its stake in Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the fourth quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. grew its stake in Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Take-Two Interactive Software by 110.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Wedbush reissued an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, May 17th. JPMorgan Chase & Co. raised their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Finally, Roth Mkm reduced their price objective on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.09.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the sale, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the sale, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The disclosure for this sale can be found here. Insiders sold 93,569 shares of company stock valued at $13,909,565 over the last ninety days. 1.37% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $155.37 on Wednesday. The business’s fifty day simple moving average is $150.96 and its 200 day simple moving average is $154.15. The firm has a market capitalization of $26.63 billion, a P/E ratio of -7.07, a price-to-earnings-growth ratio of 5.15 and a beta of 0.84. Take-Two Interactive Software, Inc. has a 12 month low of $130.34 and a 12 month high of $171.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. As a group, analysts anticipate that Take-Two Interactive Software, Inc. will post 0.95 EPS for the current year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.