Take-Two Interactive Software, Inc. $TTWO Shares Sold by Caxton Associates LLP

Caxton Associates LLP reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 64.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,211 shares of the company’s stock after selling 13,077 shares during the period. Caxton Associates LLP’s holdings in Take-Two Interactive Software were worth $1,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. Inceptionr LLC lifted its position in shares of Take-Two Interactive Software by 650.6% during the 1st quarter. Inceptionr LLC now owns 8,820 shares of the company’s stock worth $1,742,000 after buying an additional 7,645 shares during the last quarter. Sei Investments Co. grew its position in shares of Take-Two Interactive Software by 24.9% in the 1st quarter. Sei Investments Co. now owns 79,679 shares of the company’s stock valued at $15,740,000 after buying an additional 15,864 shares during the last quarter. Davis R M Inc. raised its stake in Take-Two Interactive Software by 4.3% during the 1st quarter. Davis R M Inc. now owns 255,075 shares of the company’s stock worth $50,377,000 after acquiring an additional 10,593 shares in the last quarter. Militia Capital Management LLC acquired a new stake in Take-Two Interactive Software during the 1st quarter worth $1,191,000. Finally, First Trust Advisors LP raised its stake in Take-Two Interactive Software by 57.3% during the 1st quarter. First Trust Advisors LP now owns 128,452 shares of the company’s stock worth $25,369,000 after acquiring an additional 46,766 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Activity

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 569,936 shares of company stock valued at $128,431,438. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $231.65 on Friday. The company has a 50-day simple moving average of $233.61 and a 200-day simple moving average of $221.98. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. 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 capitalization of $43.01 billion, a price-to-earnings ratio of -142.99, a PEG ratio of 4.44 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TTWO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. BMO Capital Markets upped their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Wells Fargo & Company boosted their price objective on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.44.

Take-Two Interactive Software 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.