Take-Two Interactive Software, Inc. $TTWO Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 8.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 91,301 shares of the company’s stock after selling 8,094 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Take-Two Interactive Software were worth $18,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TTWO. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $25,000. GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the fourth quarter valued at about $28,000. MV Capital Management Inc. acquired a new position in Take-Two Interactive Software during the fourth quarter worth about $34,000. Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $34,000. Finally, Reflection Asset Management acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at about $40,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTWO. Bank of America lifted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $294.44.

Take-Two Interactive Software Price Performance

TTWO stock opened at $242.92 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The firm has a market capitalization of $45.42 billion, a PE ratio of -149.95, a P/E/G ratio of 4.52 and a beta of 0.96. The firm has a 50-day moving average of $234.53 and a two-hundred day moving average of $221.68.

Insiders Place Their Bets

In related news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of Take-Two Interactive Software stock in a transaction that occurred on 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 owned 131,668 shares in the company, valued at approximately $28,915,609.48. The trade was 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 a total of 569,936 shares of company stock valued at $128,431,438 over the last 90 days. 1.34% of the stock is owned by corporate insiders.

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.