Capital International Investors Has $304.39 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Capital International Investors cut its stake in Take‑Two by 22.2% in the third quarter, selling 336,338 shares and leaving it with 1,178,144 shares worth $304.39 million (0.64% ownership).
• Company insiders have been net sellers, offloading 64,880 shares valued at about $13.9 million over the past 90 days, leaving insiders with 1.34% of the stock.
• Institutions own 95.46% of TTWO, analysts rate the stock a consensus "Moderate Buy" with a $284.44 target, while the shares trade around $209 with a market cap of $38.7 billion and a negative P/E of -9.34.

Capital International Investors decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,178,144 shares of the company's stock after selling 336,338 shares during the quarter. Capital International Investors owned 0.64% of Take-Two Interactive Software worth $304,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TTWO. Vanguard Group Inc. boosted its stake in shares of Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company's stock valued at $5,606,808,000 after purchasing an additional 932,659 shares in the last quarter. State Street Corp increased its position in Take-Two Interactive Software by 3.8% during the 2nd quarter. State Street Corp now owns 10,583,564 shares of the company's stock worth $2,570,084,000 after purchasing an additional 389,321 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Take-Two Interactive Software by 3.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company's stock valued at $1,341,789,000 after purchasing an additional 166,867 shares during the last quarter. Geode Capital Management LLC lifted its stake in Take-Two Interactive Software by 8.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company's stock valued at $1,124,088,000 after purchasing an additional 378,371 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company's stock valued at $847,711,000 after buying an additional 515,484 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $209.08 on Wednesday. The firm has a market cap of $38.72 billion, a PE ratio of -9.34, a price-to-earnings-growth ratio of 8.79 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $224.05 and a 200-day moving average price of $239.44. Take-Two Interactive Software, Inc. has a 1-year low of $188.56 and a 1-year high of $264.79.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software 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 directly owned 21,525 shares of the company's stock, valued at approximately $4,586,762.25. The trade was a 6.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 810 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total value of $172,910.70. Following the transaction, the insider owned 124,191 shares in the company, valued at $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,880 shares of company stock valued at $13,908,337 over the last ninety days. Insiders own 1.34% of the company's stock.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of research reports. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a research note on Wednesday, December 10th. They set a "buy" rating and a $300.00 target price on the stock. Zacks Research downgraded Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. Weiss Ratings restated a "sell (d)" rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Arete Research raised Take-Two Interactive Software from a "neutral" rating to a "buy" rating and set a $284.00 target price for the company in a report on Monday, December 1st. Finally, Raymond James Financial upgraded Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 target price for the company in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and a consensus target price of $284.44.

Take-Two Interactive Software Company 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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