Geode Capital Management LLC Acquires 60,893 Shares of Take-Two Interactive Software, Inc. $TTWO

Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,869,112 shares of the company’s stock after acquiring an additional 60,893 shares during the period. Geode Capital Management LLC owned approximately 2.63% of Take-Two Interactive Software worth $1,242,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Roundview Capital LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $1,252,000. Integrity Alliance LLC. bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $512,000. Wellington Shields Capital Management LLC increased its position in shares of Take-Two Interactive Software by 327.4% in the 4th quarter. Wellington Shields Capital Management LLC now owns 7,180 shares of the company’s stock valued at $1,838,000 after buying an additional 5,500 shares in the last quarter. Wellington Shields & Co. LLC increased its position in shares of Take-Two Interactive Software by 51.7% in the 4th quarter. Wellington Shields & Co. LLC now owns 956 shares of the company’s stock valued at $245,000 after buying an additional 326 shares in the last quarter. Finally, Allstate Corp increased its position in shares of Take-Two Interactive Software by 111.2% in the 4th quarter. Allstate Corp now owns 15,583 shares of the company’s stock valued at $3,990,000 after buying an additional 8,205 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TTWO. DA Davidson restated a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. 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 objective for the company in a research report on Tuesday, February 10th. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $287.53.

Take-Two Interactive Software Price Performance

TTWO opened at $217.87 on Friday. The stock has a market cap of $40.45 billion, a P/E ratio of -134.49, a P/E/G ratio of 3.34 and a beta of 0.97. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The company has a fifty day simple moving average of $212.97 and a 200 day simple moving average of $224.91.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,390 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Strauss Zelnick sold 70,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $222.20, for a total transaction of $15,554,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 133,026 shares of company stock valued at $29,057,428 in the last quarter. 1.34% of the stock is currently owned by company insiders.

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.