Park National Corp OH Sells 7,592 Shares of Take-Two Interactive Software, Inc. $TTWO

Park National Corp OH reduced its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,898 shares of the company’s stock after selling 7,592 shares during the period. Park National Corp OH’s holdings in Take-Two Interactive Software were worth $17,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter worth about $735,389,000. AQR Capital Management LLC boosted its position in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after buying an additional 704,316 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after buying an additional 568,263 shares during the period. Bessemer Group Inc. grew its stake in shares of Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after buying an additional 505,000 shares during the last quarter. Finally, Amundi grew its stake in shares of Take-Two Interactive Software by 35.4% during the fourth quarter. Amundi now owns 1,805,852 shares of the company’s stock valued at $462,352,000 after buying an additional 472,383 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 4,419 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the completion of the sale, the insider directly owned 113,988 shares in the company, valued at approximately $26,217,240. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 value of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was 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. In the last ninety days, insiders sold 569,515 shares of company stock worth $128,310,552. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $239.28 on Friday. The business’s 50 day moving average is $220.37 and its 200 day moving average is $222.96. The stock has a market cap of $44.43 billion, a P/E ratio of -147.70, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98. 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 quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

TTWO has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Wells Fargo & Company cut their price target 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $287.06.

Key Headlines Impacting Take-Two Interactive Software

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

• Positive Sentiment: Rockstar confirmed GTA VI pre-orders start June 25, fueling expectations for strong demand and making the launch a key near-term catalyst for TTWO. Reuters article on GTA VI pre-orders
• Positive Sentiment: Jefferies said the preorder rollout could be the stock catalyst investors have been waiting for, with pricing and possible trailer details likely to shape expectations for bookings. Jefferies commentary on GTA VI pre-orders
• Positive Sentiment: Several reports noted TTWO shares rose on the preorder news, reflecting investor optimism around the franchise’s revenue potential. TTWO stock rises on GTA VI preorder news
• Neutral Sentiment: Raymond James said May franchise data remained in line with recent trends, suggesting the core business is stable while investors focus on GTA VI-related upside. Raymond James note on TTWO trends
• Negative Sentiment: Two insider sales were disclosed, including a larger sale by executive Daniel Emerson and a smaller sale by director Jon Moses. The transactions were pre-planned, but they may slightly weigh on sentiment. Insider sale by Daniel Emerson Insider sale by Jon Moses

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.