Focus Partners Wealth Trims Position in Take-Two Interactive Software, Inc. $TTWO

Focus Partners Wealth reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 222,986 shares of the company’s stock after selling 2,434 shares during the quarter. Focus Partners Wealth’s holdings in Take-Two Interactive Software were worth $57,093,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TTWO. MCF Advisors LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth $25,000. GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software in the 4th quarter worth $28,000. Rachor Investment Advisory Services LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth $34,000. True Wealth Design LLC raised its holdings in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares during the period. Finally, AlphaQuest LLC bought a new position in Take-Two Interactive Software in the 3rd quarter worth $41,000. 95.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TTWO. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday. Wells Fargo & Company decreased their target price on 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. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.06.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $216.23 on Tuesday. 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’s 50-day simple moving average is $217.58 and its two-hundred day simple moving average is $223.10. The stock has a market cap of $40.15 billion, a PE ratio of -133.47, a P/E/G 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.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the sale, the president directly owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 564,596 shares of company stock valued at $127,186,572. 1.34% of the stock is currently owned by corporate insiders.

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.