Bank of New York Mellon Corp trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,015,170 shares of the company’s stock after selling 9,339 shares during the period. Bank of New York Mellon Corp’s holdings in Take-Two Interactive Software were worth $259,914,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Rational Advisors Inc. grew its stake in Take-Two Interactive Software by 34.1% in the fourth quarter. Rational Advisors Inc. now owns 1,291 shares of the company’s stock valued at $331,000 after purchasing an additional 328 shares in the last quarter. Westpac Banking Corp grew its stake in Take-Two Interactive Software by 27.4% in the fourth quarter. Westpac Banking Corp now owns 929 shares of the company’s stock valued at $238,000 after purchasing an additional 200 shares in the last quarter. Bridges Investment Management Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $227,000. Natixis Advisors LLC grew its stake in Take-Two Interactive Software by 18.9% in the fourth quarter. Natixis Advisors LLC now owns 109,442 shares of the company’s stock valued at $28,020,000 after purchasing an additional 17,401 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its stake in Take-Two Interactive Software by 3.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 7,950 shares of the company’s stock valued at $2,035,000 after purchasing an additional 300 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Take-Two Interactive Software
In other news, Director Laverne Evans Srinivasan sold 373 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $229.35, for a total transaction of $85,547.55. Following the completion of the sale, the director owned 8,719 shares in the company, valued at approximately $1,999,702.65. This represents a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 550,597 shares of company stock worth $124,180,972 in the last 90 days. Insiders own 1.34% of the company’s stock.
Take-Two Interactive Software Stock Performance
Analyst Ratings Changes
A number of research analysts have commented on the company. Piper Sandler assumed coverage on Take-Two Interactive Software in a research note on Tuesday. They issued an “overweight” rating and a $280.00 target price on the stock. Wells Fargo & Company lowered their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research note on Tuesday, February 10th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.06.
Read Our Latest Analysis on TTWO
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.
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