Composition Wealth LLC Has $5.57 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Composition Wealth LLC boosted its stake in Take-Two by 181.7% in Q4, buying 14,042 shares to hold 21,769 shares valued at about $5.57 million.
• Company insiders have been net sellers recently: CEO Strauss Zelnick sold 52,054 shares for roughly $11.16 million, and insiders sold 65,292 shares (~$13.98 million) in the last 90 days, leaving insiders with 1.34% ownership.
• Analysts are broadly positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $284.31, while institutional investors own about 95.46% of the stock.

Composition Wealth LLC boosted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 181.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,769 shares of the company's stock after buying an additional 14,042 shares during the quarter. Composition Wealth LLC's holdings in Take-Two Interactive Software were worth $5,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock valued at $5,598,914,000 after buying an additional 166,661 shares during the last quarter. State Street Corp grew its stake in Take-Two Interactive Software by 4.1% in the 3rd quarter. State Street Corp now owns 11,012,647 shares of the company's stock valued at $2,845,084,000 after buying an additional 429,083 shares during the last quarter. Ninety One UK Ltd grew its stake in Take-Two Interactive Software by 2.8% in the 4th quarter. Ninety One UK Ltd now owns 1,926,744 shares of the company's stock valued at $493,304,000 after buying an additional 52,881 shares during the last quarter. Northern Trust Corp grew its stake in Take-Two Interactive Software by 1.8% in the 3rd quarter. Northern Trust Corp now owns 1,612,323 shares of the company's stock valued at $416,560,000 after buying an additional 27,862 shares during the last quarter. Finally, Amundi grew its stake in Take-Two Interactive Software by 46.4% in the 3rd quarter. Amundi now owns 1,333,469 shares of the company's stock valued at $342,675,000 after buying an additional 422,510 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TTWO. Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Benchmark reiterated a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Morgan Stanley raised their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an "overweight" rating in a research note on Tuesday, January 13th. Wedbush reiterated an "outperform" rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Raymond James Financial upgraded shares of 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 report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $284.31.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares of the company's stock, valued at approximately $4,586,762.25. This trade represents a 6.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 52,054 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the transaction, the chief executive officer directly owned 178,702 shares of the company's stock, valued at $38,313,708.80. The trade was a 22.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,292 shares of company stock worth $13,978,938 in the last ninety days. Company insiders own 1.34% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $216.03 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of -9.65, a P/E/G ratio of 3.23 and a beta of 0.97. The company's fifty day moving average is $206.04 and its two-hundred day moving average is $228.41. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.