Take-Two Interactive Software, Inc. $TTWO Position Trimmed by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) by 50.4% during the first quarter, Holdings Channel reports. The firm owned 13,781 shares of the company’s stock after selling 14,024 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Take-Two Interactive Software were worth $2,722,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. LBP AM SA raised its stake in Take-Two Interactive Software by 298.2% during the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after acquiring an additional 48,384 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Take-Two Interactive Software by 597.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after acquiring an additional 4,920 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Take-Two Interactive Software by 45.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after acquiring an additional 14,050 shares during the period. Fiera Capital Corp boosted its stake in Take-Two Interactive Software by 33.9% in the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after acquiring an additional 16,314 shares during the period. Finally, Swedbank AB boosted its stake in Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after acquiring an additional 9,556 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Up 0.1%

Take-Two Interactive Software stock opened at $250.32 on Thursday. The firm has a 50 day simple moving average of $226.06 and a 200-day simple moving average of $222.57. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $46.48 billion, a PE ratio of -154.52, a price-to-earnings-growth ratio of 4.89 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TTWO shares. BTIG Research initiated coverage on Take-Two Interactive Software in a research report on Wednesday, June 24th. They set a “buy” rating and a $290.00 price target on the stock. Wells Fargo & Company reduced their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Bank of America upped their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $292.71.

Get Our Latest Report on TTWO

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 40,358 shares of the stock in a transaction on 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 completion of the transaction, the president directly owned 40,358 shares of the company’s stock, valued at approximately $8,720,960.22. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 570,015 shares of company stock valued at $128,432,857 over the last 90 days. Corporate insiders own 1.34% of the company’s stock.

About Take-Two Interactive Software

(Free Report)

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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Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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