Dean Capital Management Reduces Holdings in Take-Two Interactive Software, Inc. $TTWO

Dean Capital Management reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 38.7% in the 3rd quarter, Holdings Channel reports. The firm owned 5,106 shares of the company’s stock after selling 3,228 shares during the period. Dean Capital Management’s holdings in Take-Two Interactive Software were worth $1,319,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in TTWO. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 4.5% during the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after buying an additional 932,659 shares during the period. State Street Corp grew its position in shares of Take-Two Interactive Software by 3.8% during the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock worth $2,570,084,000 after acquiring an additional 389,321 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 17.3% in the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after acquiring an additional 515,484 shares during the period. Norges Bank acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $731,047,000. Finally, Ninety One UK Ltd raised its position in Take-Two Interactive Software by 4.0% in the 3rd quarter. Ninety One UK Ltd now owns 1,873,863 shares of the company’s stock valued at $484,131,000 after purchasing an additional 72,281 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Down 0.3%

Shares of Take-Two Interactive Software stock opened at $208.58 on Monday. Take-Two Interactive Software, Inc. has a one year low of $188.56 and a one year high of $264.79. The company has a market cap of $38.62 billion, a P/E ratio of -9.32, a PEG ratio of 8.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average of $221.35 and a two-hundred day moving average of $238.97.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTWO. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price for the company. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Morgan Stanley boosted their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, UBS Group upped their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $284.44.

Insider Buying and Selling at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 52,054 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the transaction, the chief executive officer directly owned 178,702 shares in the company, valued at $38,313,708.80. The trade was a 22.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 1,698 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the transaction, the insider directly owned 125,001 shares of the company’s stock, valued at $26,702,713.62. This represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 64,880 shares of company stock valued at $13,908,337. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software 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.