Take-Two Interactive Software, Inc. $TTWO Stock Position Reduced by Rathbones Group PLC

Rathbones Group PLC cut its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 89.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,262 shares of the company’s stock after selling 123,915 shares during the period. Rathbones Group PLC’s holdings in Take-Two Interactive Software were worth $3,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its position in Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after purchasing an additional 39 shares in the last quarter. Miracle Mile Advisors LLC grew its position in Take-Two Interactive Software by 0.5% during the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after purchasing an additional 39 shares in the last quarter. Mather Group LLC. grew its position in Take-Two Interactive Software by 2.7% during the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after purchasing an additional 39 shares in the last quarter. Blue Trust Inc. grew its position in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position 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 valued at $50,000 after purchasing an additional 45 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $198.33 on Wednesday. The firm has a 50 day moving average of $204.94 and a two-hundred day moving average of $233.57. The company has a quick ratio of 1.14, a current ratio of 1.14 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 $264.79. The company has a market capitalization of $36.73 billion, a price-to-earnings ratio of -8.86, a P/E/G ratio of 2.98 and a beta of 0.96.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 7,946 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the completion of the sale, the chief executive officer directly owned 170,756 shares in the company, valued at approximately $36,569,104.96. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the sale, the director owned 21,525 shares of the company’s stock, valued at $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 65,293 shares of company stock valued at $13,994,803 in the last three months. Company insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TTWO shares. B. Riley Financial started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday. DA Davidson reissued a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Take-Two Interactive Software Company 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.