SeaTown Holdings Pte. Ltd. Acquires Shares of 28,800 Take-Two Interactive Software, Inc. $TTWO

SeaTown Holdings Pte. Ltd. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,800 shares of the company’s stock, valued at approximately $7,374,000. Take-Two Interactive Software accounts for 4.3% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in TTWO. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth about $27,000. Pinnacle Bancorp Inc. acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $29,000. Meeder Asset Management Inc. lifted its position in shares of Take-Two Interactive Software by 216.3% during the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after purchasing an additional 93 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research note on Tuesday, February 10th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $284.44.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $199.87 on Monday. The company has a 50-day moving average of $206.87 and a two-hundred day moving average of $234.32. The stock has a market cap of $37.01 billion, a price-to-earnings ratio of -8.93, a PEG ratio of 2.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the sale, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Strauss Zelnick sold 7,946 shares of Take-Two Interactive Software stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer owned 170,756 shares in the company, valued at $36,569,104.96. This represents a 4.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 65,293 shares of company stock worth $13,994,803. Insiders own 1.34% of the company’s stock.

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.