Gabelli Funds LLC Has $9.88 Million Stock Position in Take-Two Interactive Software, Inc. $TTWO

Gabelli Funds LLC lowered its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,008 shares of the company’s stock after selling 3,600 shares during the quarter. Gabelli Funds LLC’s holdings in Take-Two Interactive Software were worth $9,877,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the fourth quarter worth $28,000. Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the 4th quarter valued at $34,000. MV Capital Management Inc. bought a new stake in Take-Two Interactive Software in the 4th quarter valued at $34,000. Finally, Reflection Asset Management acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TTWO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. BTIG Research reaffirmed a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, BMO Capital Markets boosted their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $294.44.

Insider Buying and Selling

In other news, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $215.22, for a total transaction of $107,610.00. Following the transaction, the director directly owned 22,368 shares in the company, valued at approximately $4,814,040.96. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Karl Slatoff sold 208,969 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 569,936 shares of company stock valued at $128,431,438. Insiders own 1.34% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $231.65 on Monday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The firm’s 50-day simple moving average is $233.61 and its 200 day simple moving average is $221.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $43.01 billion, a price-to-earnings ratio of -142.99, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96.

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.