First Manhattan CO. LLC. Has $431.43 Million Position in Take-Two Interactive Software, Inc. $TTWO

First Manhattan CO. LLC. lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,685,067 shares of the company’s stock after selling 220,042 shares during the quarter. Take-Two Interactive Software makes up about 1.1% of First Manhattan CO. LLC.’s investment portfolio, making the stock its 19th largest holding. First Manhattan CO. LLC.’s holdings in Take-Two Interactive Software were worth $431,428,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TTWO. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at $28,000. Rachor Investment Advisory Services LLC acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at $34,000. True Wealth Design LLC lifted its stake in Take-Two Interactive Software by 91.9% in 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, Morse Asset Management Inc lifted its stake in Take-Two Interactive Software by 117.3% in the fourth quarter. Morse Asset Management Inc now owns 163 shares of the company’s stock valued at $42,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insiders Place Their Bets

In other Take-Two Interactive Software news, President Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock in a transaction dated 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 completion of the sale, the president owned 40,358 shares in the company, valued at $8,720,960.22. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed 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, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $215.22, for a total transaction of $107,610.00. Following the completion of the sale, the director owned 22,368 shares of the company’s stock, valued at $4,814,040.96. This trade represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 565,096 shares of company stock worth $127,294,182. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $228.03 on Thursday. The firm has a 50-day moving average of $218.81 and a 200-day moving average of $222.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $42.34 billion, a PE ratio of -140.76, a P/E/G ratio of 4.55 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79.

Key Headlines Impacting Take-Two Interactive Software

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

• Positive Sentiment: Wall Street optimism around Grand Theft Auto VI remains the biggest driver, with analysts highlighting major launch potential, upcoming marketing milestones, and pre-order catalysts that could lift future earnings power. Article Title
• Positive Sentiment: Jefferies said Take-Two is using AI to improve efficiency and support mobile ad growth, which could help margins and operating performance ahead of the GTA VI launch. Article Title
• Positive Sentiment: Recent analyst coverage stayed constructive, including buy-equivalent ratings and higher price targets, reinforcing the view that TTWO may have more upside if the next game cycle plays out as expected. Article Title
• Neutral Sentiment: TTWO was included in a “most promising metaverse stocks” list and compared favorably to other gaming names in value-oriented articles, which may support sentiment but is not a direct company-specific catalyst. Article Title
• Negative Sentiment: Multiple insider sales, including director Jon J. Moses and insider Daniel Emerson, may create some short-term caution, even though the trades were disclosed and one was under a pre-arranged 10b5-1 plan. Article Title

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TTWO. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. 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 note on Friday, May 22nd. Finally, Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.