The Oregon Public Employees Retirement Fund has significantly increased its investment in Take-Two Interactive Software, Inc. by 35.9% during the third quarter of this year. According to a recent filing with the Securities and Exchange Commission (SEC), the fund now holds 19,838 shares of the gaming company, valued at approximately $5.13 million. This increase follows the acquisition of an additional 5,236 shares during the quarter.
Several other institutional investors have also adjusted their positions in Take-Two. Notably, Private Trust Co. NA raised its holdings by 27.1%, now owning 183 shares valued at $47,000 after acquiring 39 shares. Miracle Mile Advisors LLC increased its stake by 0.5%, bringing its total to 7,727 shares, valued at $1.996 million. Other firms such as Mather Group LLC and Blue Trust Inc. also increased their holdings during this period.
As a result of these movements, institutional investors and hedge funds collectively own 95.46% of Take-Two’s stock.
Take-Two’s Market Performance
On the trading front, shares of Take-Two Interactive opened at $250.71 on Friday. The company has seen a twelve-month low of $177.35 and a high of $264.79. With a market capitalization of $46.33 billion, Take-Two has a P/E ratio of -11.10, a PEG ratio of 4.00, and a beta of 0.92. The company’s quick and current ratios stand at 1.15, indicating a solid liquidity position.
Recent analyst ratings reflect a generally positive outlook for Take-Two. DA Davidson increased its price target from $270.00 to $300.00, maintaining a “buy” rating. Similarly, Wedbush raised its price objective from $290.00 to $300.00, also giving the stock an “outperform” rating. In contrast, UBS Group downgraded its view from “buy” to “hold”.
Overall, of the twenty-four analysts covering Take-Two, twenty have issued a “buy” rating, three have a “hold” rating, and one has assigned a “sell” rating, leading to a consensus rating of a “Moderate Buy” and an average price target of $266.86, according to MarketBeat.
Insider Transactions
Recent insider trading activity has also raised interest. On November 14, Director Ellen F. Siminoff sold 414 shares at an average price of $235.95, totaling $97,683.30. Following this transaction, she owns 2,716 shares valued at approximately $640,840.20, marking a 13.23% decrease in her ownership.
Another director, Michael Sheresky, sold 182 shares on November 17 for a total of $42,790.02, reducing his holdings to 65,781 shares, valued at $15,465,770.91. In total, insiders sold 1,007 shares valued at $247,095 over the past three months, with company insiders owning 1.34% of the stock.
Founded in 1993, Take-Two Interactive Software is a prominent American video game publisher based in New York City. The company operates through various labels, including Rockstar Games and 2K, and is led by Chairman and CEO Strauss Zelnick. The firm focuses on the development and distribution of interactive entertainment, catering to a global audience.
For those interested in tracking the latest movements in Take-Two Interactive, resources such as HoldingsChannel.com provide updated information on institutional holdings and insider trades.
