Take-Two Interactive Software, Inc. $TTWO Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. lowered its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 93.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,469 shares of the company’s stock after selling 22,531 shares during the quarter. Patton Fund Management Inc.’s holdings in Take-Two Interactive Software were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TTWO. Vanguard Group Inc. raised its stake in shares of Take-Two Interactive Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after buying an additional 166,661 shares during the period. State Street Corp grew its stake in Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after acquiring an additional 390,331 shares during the period. Geode Capital Management LLC grew its stake in Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after acquiring an additional 60,893 shares during the period. Invesco Ltd. increased its holdings in Take-Two Interactive Software by 0.6% in the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after acquiring an additional 16,758 shares in the last quarter. Finally, Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $735,389,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Up 3.6%

NASDAQ TTWO opened at $247.15 on Tuesday. The business has a fifty day moving average price of $224.63 and a 200 day moving average price of $222.49. 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 company has a market cap of $45.89 billion, a P/E ratio of -152.56, a P/E/G ratio of 4.72 and a beta of 0.98. 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 at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director directly owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Karl Slatoff sold 40,358 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the transaction, the president owned 40,358 shares in the company, valued at $8,720,960.22. The trade was a 50.00% 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. Over the last three months, insiders have sold 570,015 shares of company stock valued at $128,432,857. 1.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TTWO has been the topic of several recent analyst reports. BTIG Research assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday, June 24th. They set a “buy” rating and a $290.00 price objective on the stock. Wedbush reissued 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. Wells Fargo & Company reduced their price target on shares of 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. BMO Capital Markets raised their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price 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.