Take-Two Interactive Software, Inc. $TTWO Shares Sold by Blue Grotto Capital LLC

Blue Grotto Capital LLC lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,626 shares of the company’s stock after selling 24,302 shares during the period. Take-Two Interactive Software accounts for approximately 1.8% of Blue Grotto Capital LLC’s portfolio, making the stock its 22nd biggest holding. Blue Grotto Capital LLC’s holdings in Take-Two Interactive Software were worth $17,826,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $28,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $34,000. True Wealth Design LLC boosted its stake in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after acquiring an additional 68 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Take-Two Interactive Software during the third quarter valued at $41,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TTWO shares. DA Davidson reaffirmed a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday. Piper Sandler reissued a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 9th. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Wells Fargo & Company decreased their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average target price of $287.06.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, April 15th. The stock was 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 of the company’s stock, valued at $415,320. The trade was a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 564,596 shares of company stock worth $127,186,572. 1.34% of the stock is owned by insiders.

Take-Two Interactive Software Stock Up 2.1%

Shares of NASDAQ:TTWO opened at $216.23 on Tuesday. The stock’s 50-day moving average price is $217.58 and its two-hundred day moving average price is $223.10. The company has a current ratio of 1.24, a quick 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 firm has a market cap of $40.15 billion, a price-to-earnings ratio of -133.47, a PEG ratio of 4.19 and a beta of 0.98.

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.