Healthcare of Ontario Pension Plan Trust Fund Sells 3,955 Shares of Take-Two Interactive Software, Inc. $TTWO

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,498 shares of the company’s stock after selling 3,955 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Take-Two Interactive Software were worth $11,751,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TTWO. MCF Advisors LLC bought a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $34,000. MV Capital Management Inc. bought a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $34,000. Finally, Reflection Asset Management bought a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $40,000. 95.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TTWO. BTIG Research reaffirmed a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a research report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $294.44.

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the business’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 transaction, the president owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider owned 131,668 shares in the company, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their position. 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. In the last ninety days, insiders sold 569,936 shares of company stock valued at $128,431,438. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $247.62 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50-day moving average of $233.84 and a 200-day moving average of $221.60. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of -152.85, a PEG ratio of 4.68 and a beta of 0.96. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94.

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.