ProShare Advisors LLC Acquires 95,805 Shares of Take-Two Interactive Software, Inc. $TTWO

ProShare Advisors LLC boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 40.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,362 shares of the company’s stock after acquiring an additional 95,805 shares during the period. ProShare Advisors LLC owned 0.18% of Take-Two Interactive Software worth $84,839,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTWO. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software during the first quarter valued at about $425,000. Empowered Funds LLC boosted its holdings in Take-Two Interactive Software by 13.2% during the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after acquiring an additional 388 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after acquiring an additional 165 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Take-Two Interactive Software in the 2nd quarter worth approximately $2,747,000. Finally, Jump Financial LLC lifted its holdings in shares of Take-Two Interactive Software by 105.3% during the second 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 during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction dated 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 owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 1,698 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $213.62, for a total transaction of $362,726.76. Following the transaction, the insider directly owned 125,001 shares of the company’s stock, valued at $26,702,713.62. This represents a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 64,724 shares of company stock worth $13,866,155 over the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 1.7%

Shares of TTWO opened at $238.14 on Wednesday. The company has a 50-day simple moving average of $210.57 and a 200-day simple moving average of $226.10. The firm has a market capitalization of $44.10 billion, a P/E ratio of -10.64, a P/E/G ratio of 3.62 and a beta of 0.97. 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 $187.63 and a 52 week high of $264.79.

Analyst Ratings Changes

A number of brokerages have recently commented on TTWO. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Wedbush reiterated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Wells Fargo & Company cut their price target on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Finally, Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.93.

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.