Orange Investment Advisors Inc. Has $3.73 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Orange Investment Advisors Inc. decreased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 18,878 shares of the company’s stock after selling 2,604 shares during the period. Orange Investment Advisors Inc.’s holdings in Take-Two Interactive Software were worth $3,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its position in shares of Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after buying an additional 4,920 shares during the period. MRA Advisory Group raised its position in shares of Take-Two Interactive Software by 15.5% in the 1st quarter. MRA Advisory Group now owns 2,997 shares of the company’s stock valued at $592,000 after acquiring an additional 403 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Take-Two Interactive Software by 74.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 185,189 shares of the company’s stock valued at $36,560,000 after acquiring an additional 79,224 shares during the period. Sterling Capital Management LLC boosted its stake in Take-Two Interactive Software by 47.1% during the 1st quarter. Sterling Capital Management LLC now owns 114,066 shares of the company’s stock worth $22,528,000 after acquiring an additional 36,510 shares during the last quarter. Finally, Laurel Oak Wealth Management LLC boosted its stake in Take-Two Interactive Software by 5.2% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 3,156 shares of the company’s stock worth $623,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. BTIG Research started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, June 24th. They set a “buy” rating and a $290.00 price target on the stock. Bank of America boosted their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.71.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $238.53 on Monday. The business has a 50 day simple moving average of $223.96 and a 200 day simple moving average of $222.50. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of -147.24, a PEG ratio of 4.72 and a beta of 0.98.

Insider Buying and Selling

In other news, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their position. 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. Over the last three months, insiders have sold 570,015 shares of company stock valued at $128,432,857. 1.34% of the stock is owned by corporate insiders.

About Take-Two Interactive Software

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.