Central Asset Investments & Management Holdings HK Ltd Cuts Position in Take-Two Interactive Software, Inc. $TTWO

Central Asset Investments & Management Holdings HK Ltd decreased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 69.3% in the 4th quarter, HoldingsChannel reports. The fund owned 2,294 shares of the company’s stock after selling 5,169 shares during the quarter. Take-Two Interactive Software comprises about 0.4% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 24th biggest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in Take-Two Interactive Software were worth $587,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd purchased a new position in Take-Two Interactive Software in the third quarter worth $26,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter worth $28,000. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software in the fourth quarter worth $34,000. Meeder Asset Management Inc. raised its position in Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company’s stock worth $35,000 after acquiring an additional 93 shares in the last quarter. Finally, True Wealth Design LLC raised its position in Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wedbush reiterated 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. Wells Fargo & Company cut their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. UBS Group increased their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.31.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the transaction, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. The trade was a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 1,698 shares of Take-Two Interactive Software stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total value of $362,726.76. Following the transaction, the insider directly owned 125,001 shares of the company’s stock, valued at $26,702,713.62. This trade represents a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 65,292 shares of company stock worth $13,978,938. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Trading Up 0.4%

NASDAQ:TTWO opened at $226.99 on Thursday. The company has a market capitalization of $42.03 billion, a PE ratio of -10.14, a price-to-earnings-growth ratio of 3.37 and a beta of 0.97. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The stock has a fifty day simple moving average of $208.40 and a 200-day simple moving average of $226.44.

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.