Northwestern Mutual Wealth Management Co. Decreases Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Northwestern Mutual Wealth Management sharply cut its Take-Two Interactive stake by 95.7% in the fourth quarter, selling 167,612 shares and leaving it with 7,459 shares valued at about $1.91 million.
• Despite that reduction, institutional ownership remains very high, with hedge funds and other institutions holding 95.46% of the company’s stock. Several large firms, including Vanguard and State Street, increased their positions.
• Analysts remain mostly bullish on TTWO, with an average rating of “Moderate Buy” and an average price target of $287.53, even as the stock traded around $218.46 and the company reported recent insider selling.

Northwestern Mutual Wealth Management Co. decreased its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,459 shares of the company's stock after selling 167,612 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Take-Two Interactive Software were worth $1,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Take-Two Interactive Software by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock worth $5,598,914,000 after buying an additional 166,661 shares during the period. State Street Corp lifted its stake in shares of Take-Two Interactive Software by 4.1% in the third quarter. State Street Corp now owns 11,012,647 shares of the company's stock worth $2,845,084,000 after acquiring an additional 429,083 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of Take-Two Interactive Software by 2.8% in the fourth quarter. Ninety One UK Ltd now owns 1,926,744 shares of the company's stock worth $493,304,000 after acquiring an additional 52,881 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Take-Two Interactive Software by 1.8% in the third quarter. Northern Trust Corp now owns 1,612,323 shares of the company's stock worth $416,560,000 after acquiring an additional 27,862 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company's stock worth $372,828,000 after acquiring an additional 505,000 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Trading Down 1.0%

Shares of NASDAQ TTWO opened at $218.46 on Thursday. The stock's 50 day moving average price is $212.74 and its two-hundred day moving average price is $225.01. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The stock has a market capitalization of $40.45 billion, a P/E ratio of -134.85, a PEG ratio of 3.37 and a beta of 0.97. The company has a quick ratio of 1.14, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

TTWO has been the topic of several recent analyst reports. Benchmark reiterated a "buy" rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Raymond James Financial upgraded 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 note on Tuesday, February 10th. UBS Group boosted their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Zacks Research cut Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and an average price target of $287.53.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the sale, the director owned 2,000 shares in the company, valued at $415,320. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 7,946 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the sale, the chief executive officer owned 170,756 shares in the company, valued at $36,569,104.96. The trade was a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 63,026 shares of company stock worth $13,503,428. 1.34% of the stock is owned by corporate insiders.

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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