Northwestern Mutual Wealth Management Co. Acquires 6,775 Shares of Take-Two Interactive Software, Inc. $TTWO

Northwestern Mutual Wealth Management Co. lifted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,846 shares of the company’s stock after buying an additional 6,775 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.10% of Take-Two Interactive Software worth $46,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software during the 1st quarter worth about $425,000. Empowered Funds LLC raised its holdings in Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after purchasing an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Take-Two Interactive Software during the 2nd quarter worth about $2,747,000. Finally, Jump Financial LLC raised its holdings in Take-Two Interactive Software by 105.3% during the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after purchasing an additional 3,650 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $224.16 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.14. The stock has a market cap of $41.62 billion, a PE ratio of -138.37, a price-to-earnings-growth ratio of 3.42 and a beta of 0.97. The stock has a 50-day moving average of $213.37 and a 200-day moving average of $224.90. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79.

Insider Buying and Selling

In other news, insider Daniel P. Emerson sold 810 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the sale, the insider directly owned 124,191 shares of the company’s stock, valued at $26,511,052.77. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the sale, the director directly owned 2,000 shares of the company’s stock, valued at approximately $415,320. This trade represents a 17.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 133,026 shares of company stock valued at $29,057,428. Insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a report on Tuesday, February 10th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $287.53.

About Take-Two Interactive Software

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.