Sumitomo Mitsui Trust Group Inc. Sells 23,618 Shares of Take-Two Interactive Software, Inc. $TTWO

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 5.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,005 shares of the company’s stock after selling 23,618 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Take-Two Interactive Software were worth $89,271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. LBP AM SA grew its position in shares of Take-Two Interactive Software by 298.2% during the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after purchasing an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of 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 buying an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of 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 worth $11,489,000 after buying an additional 14,050 shares in the last quarter. Fiera Capital Corp boosted its stake in Take-Two Interactive Software by 33.9% during the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after buying an additional 16,314 shares during the last quarter. Finally, Swedbank AB boosted its stake in Take-Two Interactive Software by 7.6% during the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after buying an additional 9,556 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BTIG Research reissued a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Bank of America raised their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, BMO Capital Markets boosted their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.00.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 4,419 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider directly owned 113,988 shares in the company, valued at approximately $26,217,240. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 570,349 shares of company stock valued at $128,517,202 over the last ninety days. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software Trading Down 1.2%

Shares of NASDAQ:TTWO traded down $2.90 during trading on Friday, reaching $243.20. The company’s stock had a trading volume of 2,248,309 shares, compared to its average volume of 2,833,908. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The firm’s 50 day simple moving average is $231.42 and its two-hundred day simple moving average is $223.12. The stock has a market capitalization of $45.15 billion, a PE ratio of -150.12, a price-to-earnings-growth ratio of 4.72 and a beta of 0.96.

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.