Brown Advisory Inc. Sells 76,510 Shares of Take-Two Interactive Software, Inc. $TTWO

Brown Advisory Inc. reduced its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 33.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 151,040 shares of the company’s stock after selling 76,510 shares during the quarter. Brown Advisory Inc.’s holdings in Take-Two Interactive Software were worth $38,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after acquiring an additional 166,661 shares in the last quarter. State Street Corp raised its position in Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after acquiring an additional 390,331 shares in the last quarter. Geode Capital Management LLC raised its position in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after acquiring an additional 60,893 shares in the last quarter. Norges Bank bought a new stake in Take-Two Interactive Software during the fourth quarter worth $735,389,000. Finally, Morgan Stanley raised its position in Take-Two Interactive Software by 3.3% during the fourth quarter. Morgan Stanley now owns 2,478,143 shares of the company’s stock worth $634,479,000 after acquiring an additional 79,428 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were 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. This trade represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the transaction, the insider directly owned 131,668 shares in the company, valued at approximately $28,915,609.48. This represents a 13.81% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 564,596 shares of company stock valued at $127,186,572 in the last quarter. Company insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler reissued a “neutral” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 9th. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wedbush reissued 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. DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $287.06.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $216.23 on Tuesday. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79. The firm has a market cap of $40.15 billion, a price-to-earnings ratio of -133.47, a P/E/G ratio of 4.19 and a beta of 0.98. The firm’s 50-day simple moving average is $217.58 and its 200 day simple moving average is $223.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

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.