Freemont Management S.A. Acquires 5,500 Shares of Take-Two Interactive Software, Inc. $TTWO

Freemont Management S.A. lifted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 196.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Freemont Management S.A.’s holdings in Take-Two Interactive Software were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Castle Rock Wealth Management LLC raised its position in shares of Take-Two Interactive Software by 6.9% in the 4th quarter. Castle Rock Wealth Management LLC now owns 5,256 shares of the company’s stock worth $1,346,000 after acquiring an additional 340 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in shares of Take-Two Interactive Software by 32.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,094 shares of the company’s stock worth $280,000 after acquiring an additional 266 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Take-Two Interactive Software by 4.7% in the 4th quarter. Atlantic Union Bankshares Corp now owns 15,863 shares of the company’s stock worth $4,061,000 after acquiring an additional 712 shares in the last quarter. World Investment Advisors raised its position in shares of Take-Two Interactive Software by 17.0% in the 4th quarter. World Investment Advisors now owns 1,363 shares of the company’s stock worth $325,000 after acquiring an additional 198 shares in the last quarter. Finally, Argos Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $260,000. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $415,320. The trade was a 17.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 1,698 shares of Take-Two Interactive Software stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the transaction, the insider owned 125,001 shares of the company’s stock, valued at $26,702,713.62. This trade represents a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 65,292 shares of company stock worth $13,978,938. 1.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $284.31.

Take-Two Interactive Software Price Performance

TTWO stock opened at $226.99 on Thursday. The company has a market capitalization of $42.03 billion, a P/E ratio of -10.14, a price-to-earnings-growth ratio of 3.37 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. The business has a 50-day simple moving average of $208.40 and a two-hundred day simple moving average of $226.44.

Take-Two Interactive Software Company 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.