iA Global Asset Management Inc. Decreases Stock Position in Take-Two Interactive Software, Inc. $TTWO

iA Global Asset Management Inc. trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 65.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,231 shares of the company’s stock after selling 42,734 shares during the period. iA Global Asset Management Inc.’s holdings in Take-Two Interactive Software were worth $4,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $28,000. MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. Finally, True Wealth Design LLC lifted its stake in Take-Two Interactive Software by 91.9% in the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock valued at $36,000 after buying an additional 68 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

TTWO stock opened at $250.32 on Thursday. The stock has a market capitalization of $46.48 billion, a price-to-earnings ratio of -154.52, a price-to-earnings-growth ratio of 4.89 and a beta of 0.96. 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 52-week low of $187.63 and a 52-week high of $264.79. The stock’s fifty day simple moving average is $226.06 and its 200-day simple moving average is $222.57.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22. Following the sale, the president directly owned 40,358 shares of the company’s stock, valued at approximately $8,720,960.22. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer 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. 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 570,015 shares of company stock worth $128,432,857 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTWO. BMO Capital Markets raised their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. DA Davidson restated a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company dropped their price objective on 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. Finally, Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.71.

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.