AG Campbell Advisory LLC Takes Position in Take-Two Interactive Software, Inc. $TTWO

AG Campbell Advisory LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,725 shares of the company’s stock, valued at approximately $698,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings 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 purchasing an additional 166,661 shares during the last quarter. State Street Corp boosted its position in shares of Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after buying an additional 390,331 shares in the last quarter. Geode Capital Management LLC grew its stake in Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after acquiring an additional 60,893 shares during the last quarter. Invesco Ltd. grew its stake in Take-Two Interactive Software by 0.6% in the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after acquiring an additional 16,758 shares during the last quarter. Finally, Norges Bank purchased a new position in Take-Two Interactive Software during the 4th quarter valued at about $735,389,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 4,419 shares of Take-Two Interactive Software stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total transaction of $1,016,370.00. Following the completion of the transaction, the insider owned 113,988 shares in the company, valued at approximately $26,217,240. This trade represents a 3.73% decrease in their position. 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 569,515 shares of company stock valued at $128,310,552 in the last quarter. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software News Summary

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Rockstar confirmed GTA VI pre-orders start June 25, fueling expectations for strong demand and making the launch a key near-term catalyst for TTWO. Reuters article on GTA VI pre-orders
• Positive Sentiment: Jefferies said the preorder rollout could be the stock catalyst investors have been waiting for, with pricing and possible trailer details likely to shape expectations for bookings. Jefferies commentary on GTA VI pre-orders
• Positive Sentiment: Several reports noted TTWO shares rose on the preorder news, reflecting investor optimism around the franchise’s revenue potential. TTWO stock rises on GTA VI preorder news
• Neutral Sentiment: Raymond James said May franchise data remained in line with recent trends, suggesting the core business is stable while investors focus on GTA VI-related upside. Raymond James note on TTWO trends
• Negative Sentiment: Two insider sales were disclosed, including a larger sale by executive Daniel Emerson and a smaller sale by director Jon Moses. The transactions were pre-planned, but they may slightly weigh on sentiment. Insider sale by Daniel Emerson Insider sale by Jon Moses

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $239.28 on Friday. The company has a market cap of $44.43 billion, a P/E ratio of -147.70, a P/E/G ratio of 4.73 and a beta of 0.98. 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 debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50-day moving average of $220.37 and a 200-day moving average of $222.96.

Analysts Set New Price Targets

TTWO has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $287.06.

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.