Y Intercept Hong Kong Ltd Sells 3,343 Shares of Take-Two Interactive Software, Inc. $TTWO

Y Intercept Hong Kong Ltd decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 52.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,061 shares of the company’s stock after selling 3,343 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Take-Two Interactive Software were worth $605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. Norges Bank acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $735,389,000. AQR Capital Management LLC increased its position in shares of Take-Two Interactive Software by 162.1% in the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after acquiring an additional 704,316 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in 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 worth $471,845,000 after acquiring an additional 568,263 shares in the last quarter. Bessemer Group Inc. raised its holdings in 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 worth $372,828,000 after acquiring an additional 505,000 shares in the last quarter. Finally, Amundi boosted its position in 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 purchasing an additional 472,383 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Up 0.4%

TTWO stock opened at $244.10 on Tuesday. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The business’s 50 day simple moving average is $232.03 and its 200 day simple moving average is $222.91. 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 $45.32 billion, a PE ratio of -150.68, a PEG ratio of 4.66 and a beta of 0.96.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BMO Capital Markets raised their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. DA Davidson reissued a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Bank of America boosted their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction on 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 transaction, the president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 570,349 shares of company stock valued at $128,517,202. 1.34% of the stock is owned by company insiders.

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.