Hsbc Holdings PLC Has $94.11 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Hsbc Holdings PLC decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 36.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 367,377 shares of the company’s stock after selling 208,991 shares during the quarter. Hsbc Holdings PLC’s holdings in Take-Two Interactive Software were worth $94,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Take-Two Interactive Software in the 4th quarter valued at $735,389,000. AQR Capital Management LLC raised its holdings in Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares during the period. Alyeska Investment Group L.P. raised its holdings in Take-Two Interactive Software by 44.6% in the 4th 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 during the period. Bessemer Group Inc. lifted its position in Take-Two Interactive Software by 53.1% during the 4th 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 during the last quarter. Finally, Amundi lifted its position in Take-Two Interactive Software by 35.4% during the 4th quarter. Amundi now owns 1,805,852 shares of the company’s stock worth $462,352,000 after acquiring an additional 472,383 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $215.22, for a total transaction of $107,610.00. Following the completion of the transaction, the director owned 22,368 shares of the company’s stock, valued at approximately $4,814,040.96. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 21,102 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. The trade was a 13.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 569,515 shares of company stock valued at $128,310,552 in the last three months. Company insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTWO. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.06.

Key Take-Two Interactive Software News

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Rockstar confirmed GTA VI pre-orders start June 25, fueling expectations for strong demand and making the launch a key near-term catalyst for TTWO. Reuters article on GTA VI pre-orders
• Positive Sentiment: Jefferies said the preorder rollout could be the stock catalyst investors have been waiting for, with pricing and possible trailer details likely to shape expectations for bookings. Jefferies commentary on GTA VI pre-orders
• Positive Sentiment: Several reports noted TTWO shares rose on the preorder news, reflecting investor optimism around the franchise’s revenue potential. TTWO stock rises on GTA VI preorder news
• Neutral Sentiment: Raymond James said May franchise data remained in line with recent trends, suggesting the core business is stable while investors focus on GTA VI-related upside. Raymond James note on TTWO trends
• Negative Sentiment: Two insider sales were disclosed, including a larger sale by executive Daniel Emerson and a smaller sale by director Jon Moses. The transactions were pre-planned, but they may slightly weigh on sentiment. Insider sale by Daniel Emerson Insider sale by Jon Moses

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $239.28 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $44.43 billion, a PE ratio of -147.70, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98. The firm has a fifty day moving average price of $220.37 and a two-hundred day moving average price of $222.77. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

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.