Geode Capital Management LLC Has $1.24 Billion Holdings in Take-Two Interactive Software, Inc. $TTWO

Geode Capital Management LLC increased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,869,112 shares of the company’s stock after purchasing an additional 60,893 shares during the period. Geode Capital Management LLC’s holdings in Take-Two Interactive Software were worth $1,242,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 worth $50,000 after buying an additional 45 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its stake in shares of Take-Two Interactive Software by 28.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after buying an additional 46 shares during the last quarter. First Horizon Corp boosted its stake in shares of Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after buying an additional 46 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Take-Two Interactive Software by 10.0% during the 3rd quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock worth $135,000 after buying an additional 48 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its stake in shares of Take-Two Interactive Software by 0.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after buying an additional 48 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Daniel P. Emerson sold 810 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the sale, the insider directly owned 124,191 shares in the company, valued at approximately $26,511,052.77. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $222.20, for a total transaction of $15,554,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 133,026 shares of company stock valued at $29,057,428. Company insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the subject of a number of recent research reports. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company reduced their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $287.53.

Take-Two Interactive Software Trading Down 0.3%

Shares of NASDAQ:TTWO opened at $217.87 on Friday. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a market capitalization of $40.45 billion, a P/E ratio of -134.49, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. The company has a 50-day simple moving average of $212.97 and a 200 day simple moving average of $224.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.24.

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.