Van ECK Associates Corp Sells 86,412 Shares of Take-Two Interactive Software, Inc. $TTWO

Van ECK Associates Corp reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 26.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,587 shares of the company’s stock after selling 86,412 shares during the period. Van ECK Associates Corp owned 0.13% of Take-Two Interactive Software worth $60,866,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $731,047,000. Vanguard Group Inc. boosted its position in shares of Take-Two Interactive Software by 4.5% in the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after acquiring an additional 932,659 shares during the period. Invesco Ltd. grew its stake in shares of Take-Two Interactive Software by 17.3% in the second 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 in the last quarter. Voya Investment Management LLC grew its stake in shares of Take-Two Interactive Software by 39.8% in the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock valued at $371,558,000 after acquiring an additional 410,097 shares in the last quarter. Finally, State Street Corp increased its position in Take-Two Interactive Software by 3.8% during the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock worth $2,570,084,000 after acquiring an additional 389,321 shares during the period. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

TTWO has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Morgan Stanley increased their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $284.44.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $209.08 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79. The stock has a market capitalization of $38.72 billion, a P/E ratio of -9.34, a price-to-earnings-growth ratio of 8.79 and a beta of 0.94. The stock has a fifty day moving average of $224.05 and a 200-day moving average of $239.44.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares in the company, valued at $4,586,762.25. This represents a 6.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the sale, the director owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 64,880 shares of company stock worth $13,908,337 over the last 90 days. 1.34% of the stock is owned by corporate insiders.

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.