Kestra Advisory Services LLC Trims Holdings in Take-Two Interactive Software, Inc. $TTWO

Kestra Advisory Services LLC reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 42.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,344 shares of the company’s stock after selling 3,241 shares during the quarter. Kestra Advisory Services LLC’s holdings in Take-Two Interactive Software were worth $858,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TTWO. Integrated Wealth Concepts LLC acquired a new stake in Take-Two Interactive Software in the 1st quarter valued at approximately $425,000. Empowered Funds LLC raised its position 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 purchasing an additional 388 shares during the period. Geneos Wealth Management Inc. lifted its stake in Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Take-Two Interactive Software during the second quarter worth $2,747,000. Finally, Jump Financial LLC boosted its position in shares of Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after buying an additional 3,650 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TTWO. BTIG Research reaffirmed a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets raised their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Bank of America lifted their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.44.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Jon J. Moses sold 500 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $215.22, for a total value of $107,610.00. Following the sale, the director owned 22,368 shares of the company’s stock, valued at $4,814,040.96. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 569,936 shares of company stock valued at $128,431,438 in the last 90 days. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $231.65 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The company has a fifty day simple moving average of $233.61 and a two-hundred day simple moving average of $221.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $43.01 billion, a price-to-earnings ratio of -142.99, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

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.