Atalanta Sosnoff Capital LLC Sells 102,337 Shares of Take-Two Interactive Software, Inc. $TTWO

Atalanta Sosnoff Capital LLC lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 26.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 286,928 shares of the company’s stock after selling 102,337 shares during the quarter. Take-Two Interactive Software comprises approximately 1.4% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 25th largest position. Atalanta Sosnoff Capital LLC’s holdings in Take-Two Interactive Software were worth $73,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTWO. Integrated Wealth Concepts LLC bought a new stake in shares of Take-Two Interactive Software during the first quarter valued at approximately $425,000. Empowered Funds LLC boosted its holdings in Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Take-Two Interactive Software in the second quarter worth approximately $2,747,000. Finally, Jump Financial LLC boosted its holdings in Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after purchasing an additional 3,650 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the transaction, the president owned 40,358 shares in the company, valued at approximately $8,720,960.22. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 560,588 shares of company stock valued at $126,322,522. 1.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TTWO has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler restated a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday. Finally, Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $287.06.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $211.75 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $217.25 and a two-hundred day simple moving average of $223.39. The stock has a market cap of $39.32 billion, a price-to-earnings ratio of -130.71, a PEG ratio of 4.19 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79.

Take-Two Interactive Software Company Profile

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.