Modus Advisors LLC Buys New Shares in Take-Two Interactive Software, Inc. $TTWO

Modus Advisors LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,765 shares of the company’s stock, valued at approximately $1,220,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after purchasing an additional 45 shares during the period. Compagnie Lombard Odier SCmA grew its holdings in Take-Two Interactive Software by 28.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after purchasing an additional 46 shares during the period. First Horizon Corp grew its holdings in Take-Two Interactive Software by 26.4% in the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after purchasing an additional 46 shares during the period. Hunter Associates Investment Management LLC lifted its position in Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in Take-Two Interactive Software by 5.1% during the third quarter. RFG Advisory LLC now owns 1,037 shares of the company’s stock valued at $268,000 after buying an additional 50 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laverne Evans Srinivasan sold 373 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $229.35, for a total transaction of $85,547.55. Following the sale, the director directly owned 8,719 shares of the company’s stock, valued at $1,999,702.65. The trade was a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 550,597 shares of company stock valued at $124,180,972. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Trading Down 1.0%

TTWO opened at $214.39 on Friday. The firm has a market capitalization of $39.81 billion, a P/E ratio of -132.34, a P/E/G ratio of 3.27 and a beta of 0.98. The firm’s 50 day moving average is $215.54 and its 200-day moving average is $224.26. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

TTWO has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Piper Sandler initiated coverage on shares of Take-Two Interactive Software in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $280.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, February 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.06.

Take-Two Interactive Software 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.