Ameriprise Financial Inc. Has $535.95 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Ameriprise Financial cut its position in Take-Two Interactive by 30.1% in Q3 to 2,073,474 shares, valued at about $535.95 million and representing roughly 1.12% of the company.
• Analysts give TTWO a consensus rating of Moderate Buy with an average 12‑month price target of $284.44 (1 Strong Buy, 16 Buy, 1 Hold, 1 Sell).
• Insiders have sold 64,880 shares worth about $13.9 million over the past 90 days (insiders now own 1.34%); recent disclosed sales include Michael Dornemann and Daniel P. Emerson.

Ameriprise Financial Inc. decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,073,474 shares of the company's stock after selling 893,030 shares during the period. Ameriprise Financial Inc. owned approximately 1.12% of Take-Two Interactive Software worth $535,951,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its position in shares of Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company's stock valued at $35,000 after acquiring an additional 93 shares during the period. Finally, Blue Trust Inc. boosted its stake in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company's stock worth $39,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TTWO shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Raymond James Financial raised Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 price target on the stock in a research note on Tuesday, February 10th. B. Riley Financial initiated coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a "buy" rating and a $300.00 price target on the stock. Zacks Research cut Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Finally, Wells Fargo & Company decreased their price objective on Take-Two Interactive Software from $301.00 to $295.00 and set an "overweight" rating for the company in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $284.44.

Insider Activity

In other news, Director Michael Dornemann sold 1,390 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 1,698 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the completion of the transaction, the insider directly owned 125,001 shares of the company's stock, valued at approximately $26,702,713.62. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 64,880 shares of company stock worth $13,908,337. Company insiders own 1.34% of the company's stock.

Take-Two Interactive Software Trading Down 0.3%

Shares of Take-Two Interactive Software stock opened at $208.58 on Monday. The company has a market capitalization of $38.62 billion, a P/E ratio of -9.32, a price-to-earnings-growth ratio of 8.54 and a beta of 0.94. The stock has a fifty day simple moving average of $221.35 and a 200 day simple moving average of $238.97. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71.

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.

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