Take-Two Interactive Software, Inc. $TTWO Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,008 shares of the company’s stock after selling 3,600 shares during the period. Gabelli Funds LLC’s holdings in Take-Two Interactive Software were worth $9,877,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. LBP AM SA boosted its stake 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 acquiring an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in Take-Two Interactive Software by 597.1% during the 1st 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 in the last quarter. Rockefeller Capital Management L.P. grew its position 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 valued at $11,489,000 after purchasing an additional 14,050 shares in the last quarter. Fiera Capital Corp increased its stake in shares of Take-Two Interactive Software by 33.9% in 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 during the last quarter. Finally, Swedbank AB raised 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 worth $34,471,000 after acquiring an additional 9,556 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $231.65 on Monday. The stock has a 50-day simple moving average of $233.61 and a 200 day simple moving average of $221.74. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The stock has a market capitalization of $43.01 billion, a PE ratio of -142.99, a P/E/G ratio of 4.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTWO shares. BMO Capital Markets lifted their price objective on 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. BTIG Research reiterated a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, Bank of America raised their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.44.

Insider Buying and Selling

In other news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the sale, the director directly owned 22,368 shares of the company’s stock, valued at $4,814,040.96. This represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 569,936 shares of company stock worth $128,431,438. 1.34% of the stock is currently owned by company insiders.

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.