Exchange Traded Concepts LLC Decreases Holdings in Take-Two Interactive Software, Inc. $TTWO

Exchange Traded Concepts LLC decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,271 shares of the company’s stock after selling 6,799 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Take-Two Interactive Software were worth $8,774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TTWO. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. grew its holdings in shares of Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock valued at $35,000 after purchasing an additional 93 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the subject of several recent research reports. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Morgan Stanley lifted their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price for the company in a research note on Monday, December 1st. Finally, Wells Fargo & Company dropped their target price on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $284.44.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $189.69 on Monday. The firm’s fifty day moving average is $211.21 and its 200 day moving average is $236.08. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a market cap of $35.13 billion, a price-to-earnings ratio of -8.48, a PEG ratio of 7.77 and a beta of 0.94.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $209.36, for a total value of $86,465.68. Following the transaction, the director owned 2,143 shares in the company, valued at approximately $448,658.48. The trade was a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Dornemann sold 1,390 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 65,293 shares of company stock worth $13,994,803. 1.34% of the stock is currently owned by 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.