Take-Two Interactive Software, Inc. $TTWO Shares Sold by Blue Grotto Capital LLC

Blue Grotto Capital LLC reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 25.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 69,626 shares of the company’s stock after selling 24,302 shares during the period. Take-Two Interactive Software makes up 1.8% of Blue Grotto Capital LLC’s holdings, making the stock its 22nd biggest holding. Blue Grotto Capital LLC’s holdings in Take-Two Interactive Software were worth $17,826,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TTWO. Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $735,389,000. Vanguard Group Inc. raised its holdings in shares of Take-Two Interactive Software by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after buying an additional 932,659 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after buying an additional 568,263 shares during the period. Bessemer Group Inc. raised its holdings in shares of Take-Two Interactive Software by 53.1% during the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after buying an additional 505,000 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $112,847,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Piper Sandler reiterated a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 9th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $287.06.

Take-Two Interactive Software Price Performance

TTWO stock opened at $216.23 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 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’s 50 day moving average is $217.58 and its two-hundred day moving average is $223.10. The company has a market capitalization of $40.15 billion, a PE ratio of -133.47, a P/E/G ratio of 4.19 and a beta of 0.98.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laverne Evans Srinivasan sold 373 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $229.35, for a total value of $85,547.55. Following the sale, the director owned 8,719 shares in the company, valued at $1,999,702.65. This represents a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 564,596 shares of company stock worth $127,186,572 over the last ninety days. Company 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.