Militia Capital Management LLC Buys New Position in Take-Two Interactive Software, Inc. $TTWO

Militia Capital Management LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 1st quarter, Holdings Channel.com reports. The firm bought 6,030 shares of the company’s stock, valued at approximately $1,191,000.

A number of other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Take-Two Interactive Software during the 1st quarter worth about $425,000. Empowered Funds LLC grew its holdings in shares of 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 acquiring an additional 388 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after acquiring an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $2,747,000. Finally, Jump Financial LLC raised its holdings in Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after acquiring an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the sale, the president directly owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 569,936 shares of company stock valued at $128,431,438 in the last three months. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 1.4%

Take-Two Interactive Software stock opened at $230.25 on Friday. 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 company’s 50-day moving average is $233.83 and its 200-day moving average is $221.92. The firm has a market capitalization of $42.75 billion, a PE ratio of -142.13, a P/E/G ratio of 4.48 and a beta of 0.96. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTWO. Bank of America increased their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Finally, BTIG Research reissued a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $294.44.

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.