Take-Two Interactive Software, Inc. $TTWO Shares Sold by Cannell & Spears LLC

Cannell & Spears LLC decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,590 shares of the company’s stock after selling 2,448 shares during the period. Cannell & Spears LLC’s holdings in Take-Two Interactive Software were worth $20,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Private Trust Co. NA grew its stake in Take-Two Interactive Software by 27.1% during the 3rd quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after purchasing an additional 39 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after purchasing an additional 39 shares during the period. Mather Group LLC. raised its stake in shares of Take-Two Interactive Software by 2.7% in the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after purchasing an additional 39 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its holdings in shares of Take-Two Interactive Software by 28.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock worth $54,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Strauss Zelnick sold 7,946 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the completion of the transaction, the chief executive officer directly owned 170,756 shares in the company, valued at $36,569,104.96. The trade was a 4.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction 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 transaction, the director owned 2,286 shares of the company’s stock, valued at approximately $457,200. This represents a 15.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 64,880 shares of company stock worth $13,908,337. Corporate insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Stock Down 0.3%

Take-Two Interactive Software stock opened at $208.58 on Friday. The business’s 50-day moving average price is $221.35 and its 200 day moving average price is $238.93. 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 firm has a market cap of $38.62 billion, a price-to-earnings ratio of -9.32, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79.

Analyst Ratings Changes

Several equities analysts recently weighed in on TTWO shares. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Wells Fargo & Company decreased 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 research note on Wednesday, March 4th. Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a report on Monday, December 1st. 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 objective on the stock in a research note on Tuesday, February 10th. Finally, Morgan Stanley raised their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.44.

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.