Y Intercept Hong Kong Ltd Sells 3,343 Shares of Take-Two Interactive Software, Inc. $TTWO

Y Intercept Hong Kong Ltd trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 52.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,061 shares of the company’s stock after selling 3,343 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Take-Two Interactive Software were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TTWO. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after buying an additional 166,661 shares in the last quarter. State Street Corp increased its position in Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after acquiring an additional 390,331 shares during the period. Geode Capital Management LLC increased its position in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after acquiring an additional 60,893 shares during the period. Invesco Ltd. raised its stake in Take-Two Interactive Software by 0.6% in the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after purchasing an additional 16,758 shares in the last quarter. Finally, Norges Bank acquired a new stake in Take-Two Interactive Software in the 4th quarter worth about $735,389,000. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TTWO. BMO Capital Markets increased their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Bank of America increased their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, BTIG Research restated a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $293.00.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $244.10 on Tuesday. The firm has a 50 day moving average of $232.03 and a 200-day moving average of $222.91. The stock has a market capitalization of $45.32 billion, a PE ratio of -150.68, a PEG ratio of 4.66 and a beta of 0.96. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94.

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $215.22, for a total value of $107,610.00. Following the transaction, the director directly owned 22,368 shares of the company’s stock, valued at $4,814,040.96. This trade represents a 2.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 570,349 shares of company stock valued at $128,517,202 over the last three months. 1.34% of the stock is owned by corporate insiders.

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.