Cwm LLC Has $3.33 Million Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Cwm LLC increased its stake in Take-Two by 88.4% in Q4, holding 13,009 shares worth approximately $3.33 million.
• Company insiders have been net sellers recently—about 65,292 shares sold (~$13.98 million) over the past 90 days—while institutional investors own roughly 95.46% of the stock.
• Wall Street’s consensus rating is a Moderate Buy with a consensus price target of $284.31, compared with the recent share price near $209.90, implying potential upside.

Cwm LLC boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,009 shares of the company's stock after acquiring an additional 6,105 shares during the period. Cwm LLC's holdings in Take-Two Interactive Software were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTWO. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $29,000. Meeder Asset Management Inc. increased its stake in Take-Two Interactive Software by 216.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 136 shares of the company's stock worth $35,000 after purchasing an additional 93 shares in the last quarter. True Wealth Design LLC increased its stake in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company's stock worth $36,000 after purchasing an additional 68 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company's stock worth $39,000 after buying an additional 45 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $209.90 on Friday. The firm has a market capitalization of $38.87 billion, a P/E ratio of -9.38, a price-to-earnings-growth ratio of 3.26 and a beta of 0.96. 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 firm's fifty day moving average price is $204.34 and its two-hundred day moving average price is $230.12. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the company's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the sale, the director directly owned 21,525 shares of the company's stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 155 shares of the firm's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total transaction of $30,183.15. Following the completion of the sale, the director owned 65,626 shares of the company's stock, valued at $12,779,350.98. This trade represents a 0.24% 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 over the last ninety days. Company insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TTWO. DA Davidson reaffirmed a "buy" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating for the company in a research report on Monday, April 6th. Weiss Ratings restated a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Finally, Zacks Research lowered shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company 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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