Candriam S.C.A. Sells 2,395 Shares of Take-Two Interactive Software, Inc. $TTWO

Candriam S.C.A. cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,977 shares of the company’s stock after selling 2,395 shares during the period. Candriam S.C.A.’s holdings in Take-Two Interactive Software were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after acquiring an additional 45 shares during the period. First Horizon Corp boosted its stake in shares of Take-Two Interactive Software by 26.4% in the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after acquiring an additional 46 shares during the period. Hunter Associates Investment Management LLC grew its position in shares of Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after purchasing an additional 48 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in shares of Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after purchasing an additional 48 shares in the last quarter. Finally, Independence Bank of Kentucky grew its position in shares of Take-Two Interactive Software by 3.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock worth $363,000 after purchasing an additional 50 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Up 0.4%

Shares of TTWO opened at $244.10 on Tuesday. The company has a market cap of $45.32 billion, a PE ratio of -150.68, a P/E/G ratio of 4.66 and a beta of 0.96. The business has a fifty day moving average of $232.03 and a 200 day moving average of $222.91. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the transaction, the director owned 1,833 shares in the company, valued at $462,887.49. The trade was a 15.41% 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. In the last quarter, insiders have sold 570,349 shares of company stock valued at $128,517,202. 1.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTWO. BMO Capital Markets upped their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. BTIG Research reissued a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Bank of America upped their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Wells Fargo & Company raised their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $293.00.

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.