Take-Two Interactive Software, Inc. $TTWO Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,909 shares of the company’s stock after selling 41,074 shares during the quarter. Victory Capital Management Inc. owned approximately 0.11% of Take-Two Interactive Software worth $54,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Take-Two Interactive Software in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. raised its position in shares of Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Take-Two Interactive Software by 42.9% in the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTWO. BMO Capital Markets increased their target price on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective on the stock in a research report on Tuesday, February 10th. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a research note on Monday, December 1st. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $211.50 on Friday. The business’s 50-day moving average price is $225.85 and its 200 day moving average price is $239.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a twelve month low of $188.56 and a twelve month high of $264.79. The company has a market capitalization of $39.17 billion, a PE ratio of -9.45, a price-to-earnings-growth ratio of 8.71 and a beta of 0.94.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares in the company, valued at approximately $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 52,054 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was 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 of the company’s stock, valued at $38,313,708.80. This trade represents a 22.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 64,880 shares of company stock worth $13,908,337. Corporate insiders own 1.34% of the company’s stock.

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.