Focus Partners Wealth Cuts Stock Position in Take-Two Interactive Software, Inc. $TTWO

Focus Partners Wealth lowered its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 222,986 shares of the company’s stock after selling 2,434 shares during the period. Focus Partners Wealth owned 0.12% of Take-Two Interactive Software worth $57,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Take-Two Interactive Software by 30.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after buying an additional 45 shares during the last quarter. First Horizon Corp grew its stake in shares of Take-Two Interactive Software by 26.4% in the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after buying an additional 46 shares during the last quarter. Hunter Associates Investment Management LLC grew its stake in shares of Take-Two Interactive Software by 0.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after buying an additional 48 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Take-Two Interactive Software by 5.2% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,007 shares of the company’s stock worth $260,000 after buying an additional 50 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in shares of Take-Two Interactive Software by 3.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,418 shares of the company’s stock worth $363,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TTWO. Piper Sandler reiterated a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 9th. Wells Fargo & Company cut their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday. Wedbush reiterated 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. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to 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 Stock Performance

Shares of TTWO opened at $216.23 on Tuesday. The business’s fifty day simple moving average is $217.58 and its two-hundred day simple moving average is $223.10. 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 12 month low of $187.63 and a 12 month high of $264.79. The company has a market cap of $40.15 billion, a price-to-earnings ratio of -133.47, a P/E/G ratio of 4.19 and a beta of 0.98.

Insider Activity at Take-Two Interactive Software

In related news, Director Laverne Evans Srinivasan sold 373 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $229.35, for a total transaction of $85,547.55. Following the completion of the sale, the director owned 8,719 shares in the company, valued at approximately $1,999,702.65. This represents a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the chief executive officer owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 564,596 shares of company stock valued at $127,186,572 in the last 90 days. 1.34% of the stock is owned by company insiders.

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.