Take-Two Interactive Software, Inc. $TTWO Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.7% in the 1st quarter, HoldingsChannel reports. The fund owned 122,796 shares of the company’s stock after selling 8,877 shares during the quarter. Quantinno Capital Management LP’s holdings in Take-Two Interactive Software were worth $24,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. MCF Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $28,000. MV Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $34,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. Finally, Reflection Asset Management acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 1.8%

NASDAQ:TTWO opened at $242.92 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 quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $234.53 and a 200-day simple moving average of $221.68. The company has a market capitalization of $45.42 billion, a PE ratio of -149.95, a price-to-earnings-growth ratio of 4.60 and a beta of 0.96.

Insider Activity

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 that occurred on 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 sale, the director owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 569,936 shares of company stock worth $128,431,438 in the last three months. Company insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Finally, DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Buy” and a consensus price target of $294.44.

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.