Capital World Investors Has $565.84 Million Position in Take-Two Interactive Software, Inc. $TTWO

Capital World Investors lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 13.4% in the third quarter, Holdings Channel reports. The institutional investor owned 2,190,104 shares of the company’s stock after selling 338,084 shares during the period. Capital World Investors’ holdings in Take-Two Interactive Software were worth $565,838,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TTWO. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at approximately $26,000. Pinnacle Bancorp Inc. bought a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at $29,000. Twin Peaks Wealth Advisors LLC bought a new stake in Take-Two Interactive Software in the second quarter valued at $27,000. Meeder Asset Management Inc. raised its stake in 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 buying an additional 93 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the period. 95.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $200.00, for a total value of $82,600.00. Following the completion of the sale, the director directly owned 2,286 shares in the company, valued at approximately $457,200. This trade represents a 15.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 810 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the transaction, the insider owned 124,191 shares in the company, valued at $26,511,052.77. This represents a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 64,880 shares of company stock worth $13,908,337. 1.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several analyst reports. B. Riley Financial assumed coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price on the stock. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $209.08 on Wednesday. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79. The stock has a market cap of $38.72 billion, a P/E ratio of -9.34, a P/E/G ratio of 8.79 and a beta of 0.94. The business’s 50 day moving average price is $224.05 and its 200-day moving average price is $239.44. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71.

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.