Tiger Global Management LLC Sells 3,839,256 Shares of Take-Two Interactive Software, Inc. $TTWO

Tiger Global Management LLC reduced its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 65.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,000,000 shares of the company’s stock after selling 3,839,256 shares during the period. Take-Two Interactive Software accounts for about 1.7% of Tiger Global Management LLC’s portfolio, making the stock its 16th largest position. Tiger Global Management LLC’s holdings in Take-Two Interactive Software were worth $395,000,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. LBP AM SA lifted its position in shares of Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after buying an additional 48,384 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Take-Two Interactive Software by 597.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after acquiring an additional 4,920 shares during the period. Rockefeller Capital Management L.P. raised its stake in Take-Two Interactive Software by 45.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after acquiring an additional 14,050 shares in the last quarter. Fiera Capital Corp raised its stake in Take-Two Interactive Software by 33.9% during the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after acquiring an additional 16,314 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Take-Two Interactive Software by 7.6% during the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after acquiring an additional 9,556 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $231.65 on Friday. The business has a fifty day moving average of $233.61 and a 200-day moving average of $221.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The firm has a market cap of $43.01 billion, a PE ratio of -142.99, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96.

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total value of $84,345.02. Following the completion of the transaction, the director directly owned 1,833 shares of the company’s stock, valued at approximately $462,887.49. The trade was a 15.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director 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 quarter, insiders have sold 569,936 shares of company stock worth $128,431,438. 1.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTWO. Wells Fargo & Company upped their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets boosted their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Finally, Bank of America raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.44.

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.