Fieldview Capital Management LLC Has $1.54 Million Stock Position in Take-Two Interactive Software, Inc. $TTWO

Fieldview Capital Management LLC lowered its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 58.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,004 shares of the company’s stock after selling 8,503 shares during the period. Fieldview Capital Management LLC’s holdings in Take-Two Interactive Software were worth $1,537,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TTWO. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the fourth quarter worth about $28,000. Rachor Investment Advisory Services LLC bought a new position in Take-Two Interactive Software during the fourth quarter worth about $34,000. True Wealth Design LLC grew its position in shares of 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, AlphaQuest LLC bought a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $41,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their position. 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 have sold a total of 560,175 shares of company stock worth $126,236,057 in the last three months. Company insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $211.75 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of -130.71, a P/E/G ratio of 4.19 and a beta of 0.98. The firm’s 50 day simple moving average is $217.25 and its 200 day simple moving average is $223.28. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTWO. Wells Fargo & Company lowered their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 9th. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software 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 equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has an average 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.