TD Asset Management Inc Trims Stock Position in Take-Two Interactive Software, Inc. $TTWO

TD Asset Management Inc lessened its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,527 shares of the company’s stock after selling 16,933 shares during the period. TD Asset Management Inc’s holdings in Take-Two Interactive Software were worth $109,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC purchased a new position in Take-Two Interactive Software in the first quarter valued at $425,000. Empowered Funds LLC increased its holdings in Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after buying an additional 388 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after buying an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Take-Two Interactive Software in the second quarter valued at $2,747,000. Finally, Jump Financial LLC increased its holdings in Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after buying an additional 3,650 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.4%

Shares of NASDAQ TTWO opened at $216.65 on Friday. The company’s 50-day simple moving average is $215.11 and its 200-day simple moving average is $224.33. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of -133.73, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Insiders Place Their Bets

In other news, 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 sale, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. This trade represents a 17.20% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laverne Evans Srinivasan sold 373 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $229.35, for a total transaction of $85,547.55. Following the completion of the sale, the director owned 8,719 shares in the company, valued at approximately $1,999,702.65. This trade represents a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 550,597 shares of company stock valued at $124,180,972. 1.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTWO shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler started coverage on shares of Take-Two Interactive Software in a report on Tuesday. They issued an “overweight” rating and a $280.00 price objective for the company. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wells Fargo & Company cut 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 report on Friday, May 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen 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, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $287.06.

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.