Private Advisory Group LLC Trims Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Private Advisory Group LLC cut its stake in Take-Two by 90.2% in Q4, selling 13,660 shares and leaving 1,486 shares worth about $380,000.
• Institutional ownership is very high at 95.46%; major funds like Vanguard now hold ~21.7 million shares (~$5.61B), with Invesco, State Street and Amundi also increasing positions.
• Analysts are mostly bullish with an average rating of "Moderate Buy" and an average price target of $284.44, while the company has a market cap of $35.75B and a negative earnings multiple (P/E -8.63); insiders sold about 65,293 shares (~$14M) over the last quarter.

Private Advisory Group LLC trimmed its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 90.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,486 shares of the company's stock after selling 13,660 shares during the period. Private Advisory Group LLC's holdings in Take-Two Interactive Software were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Take-Two Interactive Software by 4.5% during the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company's stock valued at $5,606,808,000 after acquiring an additional 932,659 shares in the last quarter. Invesco Ltd. grew its stake in Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company's stock worth $847,711,000 after purchasing an additional 515,484 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $112,847,000. State Street Corp increased its holdings in Take-Two Interactive Software by 4.1% during the 3rd quarter. State Street Corp now owns 11,012,647 shares of the company's stock worth $2,845,084,000 after purchasing an additional 429,083 shares during the period. Finally, Amundi raised its position in Take-Two Interactive Software by 46.4% during the 3rd quarter. Amundi now owns 1,333,469 shares of the company's stock valued at $342,675,000 after purchasing an additional 422,510 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Up 1.8%

Shares of Take-Two Interactive Software stock opened at $193.08 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a market cap of $35.75 billion, a P/E ratio of -8.63, a PEG ratio of 7.77 and a beta of 0.94. The firm's 50 day moving average price is $210.27 and its 200-day moving average price is $235.70. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79.

Analyst Upgrades and Downgrades

TTWO has been the subject of several research reports. B. Riley Financial started coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a "buy" rating and a $300.00 target price for the company. UBS Group lifted their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Raymond James Financial raised shares of Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $284.44.

Insider Buying and Selling

In other news, insider Daniel P. Emerson sold 810 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total transaction of $172,910.70. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 155 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the sale, the director owned 65,626 shares of the company's stock, valued at approximately $12,779,350.98. This represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 65,293 shares of company stock valued at $13,994,803 over the last quarter. Insiders own 1.34% of the company's stock.

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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