Candriam S.C.A. Trims Holdings in Take-Two Interactive Software, Inc. $TTWO

Candriam S.C.A. trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,977 shares of the company’s stock after selling 2,395 shares during the quarter. Candriam S.C.A.’s holdings in Take-Two Interactive Software were worth $3,353,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TTWO. Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at about $735,389,000. AQR Capital Management LLC increased its position in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after acquiring an additional 568,263 shares during the period. Bessemer Group Inc. raised its stake in shares of Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after acquiring an additional 505,000 shares in the last quarter. Finally, Amundi raised its stake in shares of Take-Two Interactive Software by 35.4% during the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock valued at $462,352,000 after acquiring an additional 472,383 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ellen F. Siminoff sold 334 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total value of $84,345.02. Following the completion of the sale, the director owned 1,833 shares of the company’s stock, valued at $462,887.49. This trade represents a 15.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 4,419 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider owned 113,988 shares in the company, valued at approximately $26,217,240. This trade represents a 3.73% 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. In the last 90 days, insiders have sold 570,349 shares of company stock worth $128,517,202. Company insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America upped their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. BMO Capital Markets lifted their price objective on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BTIG Research reiterated a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Finally, Wells Fargo & Company raised their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $244.10 on Tuesday. The company has a 50 day moving average of $232.03 and a two-hundred day moving average of $222.91. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a market cap of $45.32 billion, a price-to-earnings ratio of -150.68, a price-to-earnings-growth ratio of 4.66 and a beta of 0.96.

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.