iA Global Asset Management Inc. Decreases Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

iA Global Asset Management Inc. lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 65.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,231 shares of the company’s stock after selling 42,734 shares during the period. iA Global Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $4,391,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC acquired a new position in shares of Take-Two Interactive Software during the first quarter worth $425,000. Empowered Funds LLC grew its holdings in Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Take-Two Interactive Software during the 2nd quarter worth $2,747,000. Finally, Jump Financial LLC lifted its holdings in Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after buying an additional 3,650 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of the business’s stock in a transaction 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 in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the sale, the insider directly owned 113,988 shares in the company, valued at $26,217,240. This trade represents a 3.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 570,015 shares of company stock worth $128,432,857. 1.34% of the stock is owned by insiders.

Take-Two Interactive Software Stock Up 0.1%

Shares of Take-Two Interactive Software stock opened at $250.32 on Thursday. The business has a 50-day moving average price of $226.06 and a 200 day moving average price of $222.57. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The firm has a market cap of $46.48 billion, a P/E ratio of -154.52, a P/E/G ratio of 4.89 and a beta of 0.96. 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

A number of equities analysts have weighed in on TTWO shares. Wells Fargo & Company decreased their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Bank of America upped their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BTIG Research started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, June 24th. They set a “buy” rating and a $290.00 price target for the company. Finally, Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.71.

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.