Take-Two Interactive Software, Inc. $TTWO Shares Sold by Freemont Management S.A.

Freemont Management S.A. decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 88.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,800 shares of the company’s stock after selling 21,100 shares during the quarter. Freemont Management S.A.’s holdings in Take-Two Interactive Software were worth $723,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Take-Two Interactive Software by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after purchasing an additional 903,385 shares during the period. State Street Corp lifted its stake in Take-Two Interactive Software by 3.8% in the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after buying an additional 389,321 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Take-Two Interactive Software by 3.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock valued at $1,341,789,000 after acquiring an additional 166,867 shares during the period. Geode Capital Management LLC grew its position in shares of Take-Two Interactive Software by 8.9% during the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock worth $1,124,088,000 after acquiring an additional 378,371 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 17.3% in the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after acquiring an additional 515,484 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $190.36 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $239.26 and its two-hundred day moving average is $241.92. Take-Two Interactive Software, Inc. has a twelve month low of $188.56 and a twelve month high of $264.79. The firm has a market capitalization of $35.25 billion, a PE ratio of -8.51, a P/E/G ratio of 10.89 and a beta of 0.92.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. The trade was a 14.56% decrease in their position. The SEC filing for this sale provides additional information. 1.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Raymond James Financial raised 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 report on Tuesday. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research report on Monday, December 1st. TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group upped their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $283.94.

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.