Massachusetts Financial Services Co. MA Has $1.19 Billion Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Massachusetts Financial Services trimmed its stake in Take-Two by 6% to 4,641,579 shares, worth about $1.19 billion and representing 2.51% of the company.
• Insiders sold 65,293 shares totaling roughly $14.0 million in the last three months, leaving insiders with 1.34% ownership while institutional investors hold 95.46%.
• Analysts are generally bullish with a consensus "Moderate Buy" and an average price target of $284.31, supported by recent upgrades from Raymond James and Morgan Stanley.

Massachusetts Financial Services Co. MA lessened its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,641,579 shares of the company's stock after selling 294,827 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.51% of Take-Two Interactive Software worth $1,188,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Take-Two Interactive Software in the third quarter valued at approximately $26,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software in the third quarter valued at approximately $29,000. Meeder Asset Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 216.3% in the third quarter. Meeder Asset Management Inc. now owns 136 shares of the company's stock valued at $35,000 after buying an additional 93 shares during the period. True Wealth Design LLC boosted its holdings in shares of Take-Two Interactive Software by 91.9% in the fourth quarter. True Wealth Design LLC now owns 142 shares of the company's stock valued at $36,000 after buying an additional 68 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company's stock valued at $39,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $197.07 on Friday. 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 $202.83 and its two-hundred day moving average price is $232.73. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The firm has a market capitalization of $36.49 billion, a P/E ratio of -8.81, a price-to-earnings-growth ratio of 2.96 and a beta of 0.96.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 810 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the sale, the insider directly owned 124,191 shares of the company's stock, valued at approximately $26,511,052.77. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Dornemann sold 1,390 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director directly owned 21,525 shares in the company, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 65,293 shares of company stock valued at $13,994,803. 1.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTWO. 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 for the company in a report on Tuesday, February 10th. Morgan Stanley upped their price target 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. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, DA Davidson restated a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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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