9,702 Shares in Take-Two Interactive Software, Inc. $TTWO Acquired by Freestone Capital Holdings LLC

Key Points

• Freestone Capital Holdings LLC bought a new position of 9,702 shares of Take-Two (NASDAQ:TTWO) in Q4, valued at approximately $2.48 million.
• Institutional ownership is very high—about 95.46%—with multiple firms (Compass Wealth, AGF, M&G, BNY Mellon, Rakuten) adding or increasing stakes recently.
• Company insiders have been net sellers, disposing of 65,293 shares in the last quarter (≈$13.99 million), leaving insiders with roughly 1.34% ownership.

Freestone Capital Holdings LLC bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 9,702 shares of the company's stock, valued at approximately $2,484,000.

Other institutional investors also recently bought and sold shares of the company. Compass Wealth Management LLC purchased a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $3,419,000. AGF Management Ltd. grew its stake in Take-Two Interactive Software by 33.1% in the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company's stock valued at $18,816,000 after acquiring an additional 18,119 shares during the period. M&G PLC acquired a new stake in Take-Two Interactive Software in the 3rd quarter valued at $12,465,000. Bank of New York Mellon Corp grew its stake in Take-Two Interactive Software by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company's stock valued at $264,692,000 after acquiring an additional 18,959 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new stake in Take-Two Interactive Software during the 3rd quarter worth $10,948,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of the firm's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the transaction, the director directly owned 2,429 shares in the company, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel P. Emerson sold 1,698 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the transaction, the insider owned 125,001 shares in the company, valued at approximately $26,702,713.62. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 65,293 shares of company stock valued at $13,994,803. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $205.10 on Wednesday. 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 capitalization of $37.98 billion, a P/E ratio of -9.16, a P/E/G ratio of 3.01 and a beta of 0.96. The firm's 50 day moving average is $202.28 and its two-hundred day moving average is $231.85. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Morgan Stanley boosted their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an "overweight" rating in a report on Tuesday, January 13th. Wedbush restated an "outperform" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Wells Fargo & Company cut their price target on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating on the stock in a research note on Monday, April 6th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $284.31.

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.

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