Take-Two Interactive Software, Inc. $TTWO Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 138,177 shares of the company’s stock after selling 10,049 shares during the period. Rathbones Group PLC’s holdings in Take-Two Interactive Software were worth $35,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTWO. Compass Wealth Management LLC purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth approximately $3,419,000. AGF Management Ltd. grew its position in Take-Two Interactive Software by 33.1% in the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after buying an additional 18,119 shares during the last quarter. M&G PLC purchased a new position in Take-Two Interactive Software in the 3rd quarter valued at $12,465,000. Bank of New York Mellon Corp increased its stake in Take-Two Interactive Software by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock valued at $264,692,000 after buying an additional 18,959 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $10,948,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $211.50 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The stock has a market cap of $39.17 billion, a PE ratio of -9.45, a price-to-earnings-growth ratio of 8.66 and a beta of 0.94. The firm’s fifty day simple moving average is $225.85 and its 200-day simple moving average is $239.59.

Insider Activity

In related news, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $200.00, for a total transaction of $82,600.00. Following the sale, the director owned 2,286 shares of the company’s stock, valued at approximately $457,200. The trade was a 15.30% 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. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 64,880 shares of company stock valued at $13,908,337 in the last quarter. Insiders own 1.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TTWO shares. DA Davidson restated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research note on Monday, December 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.44.

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.