Capital International Investors Boosts Holdings in Take-Two Interactive Software, Inc. $TTWO

Capital International Investors boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,181,044 shares of the company’s stock after buying an additional 2,900 shares during the quarter. Capital International Investors’ holdings in Take-Two Interactive Software were worth $302,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after buying an additional 45 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in Take-Two Interactive Software by 28.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after buying an additional 46 shares during the period. First Horizon Corp boosted its stake in Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after buying an additional 46 shares during the period. Hunter Associates Investment Management LLC boosted its stake 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 worth $2,761,000 after buying an additional 48 shares during the period. Finally, RFG Advisory LLC boosted its stake 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 worth $268,000 after buying an additional 50 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Karl Slatoff sold 40,358 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22. Following the completion of the sale, the president directly owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was 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 directly 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. 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 550,597 shares of company stock valued at $124,180,972 over the last quarter. 1.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Piper Sandler started coverage on shares of Take-Two Interactive Software in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $280.00 target price for the company. Finally, Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $214.39 on Monday. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The company has a 50-day moving average of $215.54 and a 200 day moving average of $224.20. The firm has a market cap of $39.81 billion, a PE ratio of -132.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24.

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.