M&T Bank Corp Has $3.09 Million Stake in Take-Two Interactive Software, Inc. $TTWO

Key Points

• M&T Bank Corp boosted its position in Take-Two by 100.9% in Q4 to 12,059 shares, valued at about $3.09 million.
• CEO Strauss Zelnick sold 52,054 shares (~$11.16M) on March 2, and insiders have sold 65,292 shares (~$13.98M) over the past 90 days, leaving insiders with 1.34% ownership.
• Analysts show a consensus Moderate Buy rating with an average target of $284.31 and several recent price-target raises in the $275–$300 range.

M&T Bank Corp raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 100.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,059 shares of the company's stock after purchasing an additional 6,056 shares during the period. M&T Bank Corp's holdings in Take-Two Interactive Software were worth $3,088,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter worth approximately $28,000. Pinnacle Bancorp Inc. acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its position in shares of Take-Two Interactive Software by 216.3% in 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 during the period. Finally, True Wealth Design LLC lifted its position in shares of Take-Two Interactive Software by 91.9% in 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 during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTWO. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 13th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 target price on the stock in a research report on Tuesday, February 10th. DA Davidson reiterated a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. UBS Group boosted their target price on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $284.31.

Take-Two Interactive Software Stock Up 0.7%

Take-Two Interactive Software stock opened at $223.50 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The firm's fifty day moving average is $207.43 and its 200 day moving average is $227.41. The company has a market capitalization of $41.39 billion, a PE ratio of -9.99, a PEG ratio of 3.31 and a beta of 0.97.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 52,054 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the completion of the sale, the chief executive officer owned 178,702 shares in the company, valued at approximately $38,313,708.80. The trade was a 22.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 1,698 shares of the business's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total transaction of $362,726.76. Following the sale, the insider owned 125,001 shares of the company's stock, valued at $26,702,713.62. This trade represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 65,292 shares of company stock worth $13,978,938 over the last ninety days. 1.34% of the stock is owned by corporate insiders.

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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