Take-Two Interactive Software, Inc. $TTWO is Contour Asset Management LLC’s 7th Largest Position

Contour Asset Management LLC increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 908,474 shares of the company’s stock after purchasing an additional 32,045 shares during the quarter. Take-Two Interactive Software makes up approximately 5.4% of Contour Asset Management LLC’s holdings, making the stock its 7th largest holding. Contour Asset Management LLC’s holdings in Take-Two Interactive Software were worth $232,597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $28,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $34,000. True Wealth Design LLC increased its position in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares in the last quarter. Finally, Morse Asset Management Inc increased its position in Take-Two Interactive Software by 117.3% during the 4th quarter. Morse Asset Management Inc now owns 163 shares of the company’s stock worth $42,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.06.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the transaction, the president directly owned 40,358 shares of the company’s stock, valued at $8,720,960.22. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 565,096 shares of company stock worth $127,294,182 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Down 0.8%

Shares of NASDAQ:TTWO opened at $228.03 on Thursday. The stock’s 50-day moving average price is $218.81 and its two-hundred day moving average price is $222.89. The company has a current ratio of 1.24, a quick ratio of 1.24 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 firm has a market cap of $42.34 billion, a price-to-earnings ratio of -140.76, a PEG ratio of 4.55 and a beta of 0.98.

Trending Headlines about Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Wall Street optimism around Grand Theft Auto VI remains the biggest driver, with analysts highlighting major launch potential, upcoming marketing milestones, and pre-order catalysts that could lift future earnings power. Article Title
• Positive Sentiment: Jefferies said Take-Two is using AI to improve efficiency and support mobile ad growth, which could help margins and operating performance ahead of the GTA VI launch. Article Title
• Positive Sentiment: Recent analyst coverage stayed constructive, including buy-equivalent ratings and higher price targets, reinforcing the view that TTWO may have more upside if the next game cycle plays out as expected. Article Title
• Neutral Sentiment: TTWO was included in a “most promising metaverse stocks” list and compared favorably to other gaming names in value-oriented articles, which may support sentiment but is not a direct company-specific catalyst. Article Title
• Negative Sentiment: Multiple insider sales, including director Jon J. Moses and insider Daniel Emerson, may create some short-term caution, even though the trades were disclosed and one was under a pre-arranged 10b5-1 plan. Article Title

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.