Deepwater Asset Management LLC Sells 3,770 Shares of Take-Two Interactive Software, Inc. $TTWO

Deepwater Asset Management LLC cut its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 51.2% during the 3rd quarter, Holdings Channel reports. The firm owned 3,594 shares of the company’s stock after selling 3,770 shares during the quarter. Take-Two Interactive Software makes up approximately 0.4% of Deepwater Asset Management LLC’s holdings, making the stock its 28th largest holding. Deepwater Asset Management LLC’s holdings in Take-Two Interactive Software were worth $929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTWO. Norges Bank bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $731,047,000. Vanguard Group Inc. increased its position in shares of Take-Two Interactive Software by 4.5% during the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after acquiring an additional 932,659 shares during the last quarter. Invesco Ltd. increased its position in shares of Take-Two Interactive Software by 17.3% during the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after acquiring an additional 515,484 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Take-Two Interactive Software by 39.8% during the third quarter. Voya Investment Management LLC now owns 1,439,664 shares of the company’s stock worth $371,558,000 after acquiring an additional 410,097 shares during the period. Finally, State Street Corp boosted its position in Take-Two Interactive Software by 3.8% in the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock worth $2,570,084,000 after purchasing an additional 389,321 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $200.00, for a total transaction of $82,600.00. Following the sale, the director owned 2,286 shares in the company, valued at $457,200. This represents a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the transaction, the director directly owned 65,626 shares of the company’s stock, valued at $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,490 shares of company stock valued at $750,049 in the last 90 days. 1.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group raised their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $284.81.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $217.05 on Wednesday. The firm has a market cap of $40.19 billion, a P/E ratio of -9.70, a price-to-earnings-growth ratio of 8.76 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $228.24 and its 200-day moving average is $240.02. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79.

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.