Provident Investment Management Inc. Reduces Stake in Take-Two Interactive Software, Inc. $TTWO

Provident Investment Management Inc. lessened its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,956 shares of the company’s stock after selling 6,416 shares during the quarter. Take-Two Interactive Software comprises approximately 3.9% of Provident Investment Management Inc.’s investment portfolio, making the stock its 14th largest holding. Provident Investment Management Inc. owned 0.09% of Take-Two Interactive Software worth $43,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software during the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Take-Two Interactive Software in the second quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new stake in Take-Two Interactive Software during the 3rd quarter worth about $29,000. Meeder Asset Management Inc. grew its position in Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TTWO shares. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, B. Riley Financial started 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 for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.44.

Take-Two Interactive Software Trading Down 0.5%

TTWO stock opened at $206.72 on Wednesday. Take-Two Interactive Software, Inc. has a 52-week low of $188.56 and a 52-week high of $264.79. 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 $38.28 billion, a P/E ratio of -9.24, a PEG ratio of 8.51 and a beta of 0.94. The company’s 50-day simple moving average is $219.41 and its 200-day simple moving average is $238.60.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares in the company, valued at $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Strauss Zelnick sold 52,054 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $214.40, for a total value of $11,160,377.60. Following the transaction, the chief executive officer directly owned 178,702 shares of the company’s stock, valued at approximately $38,313,708.80. The trade was a 22.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,293 shares of company stock worth $13,994,803 in the last ninety days. 1.34% of the stock is owned by corporate insiders.

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.