Barclays PLC Has $227.84 Million Position in Take-Two Interactive Software, Inc. $TTWO

Barclays PLC cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 28.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 881,868 shares of the company’s stock after selling 343,792 shares during the period. Barclays PLC’s holdings in Take-Two Interactive Software were worth $227,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTWO. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Pinnacle Bancorp Inc. bought a new stake in Take-Two Interactive Software in the third quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its stake in Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after buying an additional 93 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after buying an additional 45 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $200.00, for a total transaction of $82,600.00. Following the completion of the transaction, the director directly owned 2,286 shares of the company’s stock, valued at approximately $457,200. This represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Strauss Zelnick sold 7,946 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total transaction of $1,701,715.36. Following the transaction, the chief executive officer owned 170,756 shares of the company’s stock, valued at $36,569,104.96. This represents a 4.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,880 shares of company stock worth $13,908,337 in the last three months. Insiders own 1.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TTWO shares. BMO Capital Markets raised their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Morgan Stanley increased their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $211.50 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a twelve month low of $188.56 and a twelve month high of $264.79. The stock’s 50 day moving average is $225.85 and its 200-day moving average is $239.52. The firm has a market capitalization of $39.17 billion, a price-to-earnings ratio of -9.45, a PEG ratio of 8.71 and a beta of 0.94.

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.