Blue Grotto Capital LLC Sells 10,049 Shares of Take-Two Interactive Software, Inc. $TTWO

Blue Grotto Capital LLC trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,928 shares of the company’s stock after selling 10,049 shares during the quarter. Take-Two Interactive Software makes up about 2.8% of Blue Grotto Capital LLC’s portfolio, making the stock its 16th largest holding. Blue Grotto Capital LLC’s holdings in Take-Two Interactive Software were worth $24,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Compass Wealth Management LLC acquired a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at $3,419,000. AGF Management Ltd. grew its position in Take-Two Interactive Software by 33.1% during the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock worth $18,816,000 after acquiring an additional 18,119 shares during the last quarter. M&G PLC acquired a new position in Take-Two Interactive Software in the 3rd quarter worth about $12,465,000. Bank of New York Mellon Corp increased its holdings in Take-Two Interactive Software by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock worth $264,692,000 after purchasing an additional 18,959 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in Take-Two Interactive Software in the third quarter valued at about $10,948,000. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTWO. Morgan Stanley boosted their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wells Fargo & Company dropped their price objective on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. TD Cowen reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. B. Riley Financial began coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price on the stock. Finally, Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research report on Tuesday, February 10th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.44.

Take-Two Interactive Software Trading Down 0.9%

Shares of TTWO stock opened at $209.20 on Friday. The stock has a 50-day moving average of $222.21 and a 200-day moving average of $239.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market cap of $38.74 billion, a price-to-earnings ratio of -9.35, a PEG ratio of 8.65 and a beta of 0.94. Take-Two Interactive Software, Inc. has a 1-year low of $188.56 and a 1-year high of $264.79.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $200.00, for a total transaction of $82,600.00. Following the completion of the sale, the director owned 2,286 shares of the company’s stock, valued at approximately $457,200. This represents a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 810 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total transaction of $172,910.70. Following the transaction, the insider owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. The trade was a 0.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 64,880 shares of company stock valued at $13,908,337 over the last three months. Insiders own 1.34% of the company’s stock.

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.