Delta Global Management LP Sells 5,133 Shares of Take-Two Interactive Software, Inc. $TTWO

Delta Global Management LP cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 66.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,537 shares of the company’s stock after selling 5,133 shares during the quarter. Delta Global Management LP’s holdings in Take-Two Interactive Software were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TTWO. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software during the first quarter worth $425,000. Empowered Funds LLC raised its position in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after buying an additional 388 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after acquiring an additional 165 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Take-Two Interactive Software by 10.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 26,390 shares of the company’s stock valued at $6,409,000 after acquiring an additional 2,561 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Take-Two Interactive Software by 10.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,552 shares of the company’s stock worth $10,091,000 after acquiring an additional 4,015 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the sale, the director owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel P. Emerson sold 810 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the completion of the transaction, the insider owned 124,191 shares in the company, valued at approximately $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,880 shares of company stock valued at $13,908,337 in the last three months. 1.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on TTWO. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target on the stock. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research report on Tuesday, February 10th. TD Cowen reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $284.44.

Take-Two Interactive Software Trading Down 0.4%

NASDAQ TTWO opened at $207.69 on Tuesday. The business’s fifty day moving average is $220.36 and its 200-day moving average is $238.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of -9.28, a PEG ratio of 8.54 and a beta of 0.94. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.