Patton Fund Management Inc. Trims Holdings in Take-Two Interactive Software, Inc. $TTWO

Patton Fund Management Inc. lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 93.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,469 shares of the company’s stock after selling 22,531 shares during the quarter. Patton Fund Management Inc.’s holdings in Take-Two Interactive Software were worth $290,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after acquiring an additional 45 shares during the last quarter. First Horizon Corp increased its position in Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after purchasing an additional 46 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after purchasing an additional 48 shares during the last quarter. Independence Bank of Kentucky raised its stake in Take-Two Interactive Software by 3.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock worth $363,000 after purchasing an additional 50 shares during the period. Finally, Huntington National Bank raised its stake in Take-Two Interactive Software by 4.5% during the fourth quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after purchasing an additional 57 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jon J. Moses sold 500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the transaction, the director owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred 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 completion of the sale, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This trade represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 570,015 shares of company stock worth $128,432,857. Insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TTWO. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets lifted their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. BTIG Research assumed coverage on Take-Two Interactive Software in a report on Wednesday, June 24th. They issued a “buy” rating and a $290.00 price objective on the stock. Finally, Bank of America increased their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $292.71.

Take-Two Interactive Software Trading Up 3.6%

NASDAQ TTWO opened at $247.15 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $45.89 billion, a P/E ratio of -152.56, a PEG ratio of 4.72 and a beta of 0.98. The firm’s 50-day moving average is $224.63 and its two-hundred day moving average is $222.49. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month 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.