Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Focus Partners Wealth

Focus Partners Wealth increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,420 shares of the company’s stock after buying an additional 45,571 shares during the period. Focus Partners Wealth’s holdings in Take-Two Interactive Software were worth $58,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC increased its holdings in Take-Two Interactive Software by 1,351.1% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 3,439 shares of the company’s stock worth $888,000 after acquiring an additional 3,202 shares in the last quarter. Elwood Capital Partners LP lifted its holdings in Take-Two Interactive Software by 52.5% during the third quarter. Elwood Capital Partners LP now owns 11,612 shares of the company’s stock valued at $3,000,000 after purchasing an additional 4,000 shares in the last quarter. Brevan Howard Capital Management LP grew its position in shares of Take-Two Interactive Software by 111.8% in the third quarter. Brevan Howard Capital Management LP now owns 12,959 shares of the company’s stock valued at $3,348,000 after purchasing an additional 6,841 shares during the period. CSM Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth about $1,352,000. Finally, Cartenna Capital LP purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth about $58,131,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 0.4%

Shares of TTWO stock opened at $207.69 on Tuesday. Take-Two Interactive Software, Inc. has a 1-year low of $188.56 and a 1-year high of $264.79. The firm has a market cap of $38.46 billion, a PE ratio of -9.28, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94. The company has a 50-day moving average of $220.36 and a two-hundred day moving average of $238.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

Analysts Set New Price Targets

Several research analysts recently weighed in on TTWO shares. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Morgan Stanley increased their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $284.44.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 1,698 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total value of $362,726.76. Following the sale, the insider owned 125,001 shares of the company’s stock, valued at $26,702,713.62. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 64,880 shares of company stock worth $13,908,337. 1.34% of the stock is owned by company 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.