Take-Two Interactive Software, Inc. $TTWO Stock Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,015,170 shares of the company’s stock after selling 9,339 shares during the period. Bank of New York Mellon Corp owned approximately 0.55% of Take-Two Interactive Software worth $259,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $28,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $34,000. True Wealth Design LLC raised its stake in shares of Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after buying an additional 68 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Take-Two Interactive Software in the 3rd quarter worth $41,000. Finally, Morse Asset Management Inc raised its stake in shares of Take-Two Interactive Software by 117.3% in the 4th quarter. Morse Asset Management Inc now owns 163 shares of the company’s stock worth $42,000 after buying an additional 88 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the topic of a number of research reports. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Piper Sandler began coverage on Take-Two Interactive Software in a research report on Tuesday. They set an “overweight” rating and a $280.00 target price on the stock. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research report on Tuesday, February 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $287.06.

Insider Activity

In related news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the transaction, the director directly owned 2,000 shares in the company, valued at $415,320. The trade was a 17.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 550,597 shares of company stock valued at $124,180,972 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Up 0.4%

Shares of Take-Two Interactive Software stock opened at $216.65 on Friday. The stock’s fifty day moving average is $215.11 and its 200-day moving average is $224.33. The firm has a market capitalization of $40.23 billion, a PE ratio of -133.73, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a quick ratio of 1.24, 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.

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.