Prospera Financial Services Inc Sells 8,894 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• Prospera Financial Services trimmed its stake in Take-Two by 25.7% in Q3, selling 8,894 shares and now holds 25,704 shares valued at about $6.64 million.
• Major institutional investors (Vanguard, State Street, MFS, Geode, Invesco) have recently increased positions, and institutional holders now own 95.46% of TTWO outstanding shares.
• Analysts are broadly bullish—MarketBeat shows an average rating of "Buy" with a consensus price target of $283.94, and several firms have raised targets into the $275–$301 range.

Prospera Financial Services Inc trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 25.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,704 shares of the company's stock after selling 8,894 shares during the quarter. Prospera Financial Services Inc's holdings in Take-Two Interactive Software were worth $6,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TTWO. Vanguard Group Inc. grew its holdings in Take-Two Interactive Software by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company's stock valued at $5,043,721,000 after purchasing an additional 903,385 shares during the last quarter. State Street Corp lifted its stake in Take-Two Interactive Software by 3.8% in the second quarter. State Street Corp now owns 10,583,564 shares of the company's stock worth $2,570,084,000 after purchasing an additional 389,321 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Take-Two Interactive Software by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company's stock valued at $1,341,789,000 after buying an additional 166,867 shares during the period. Geode Capital Management LLC grew its stake in shares of Take-Two Interactive Software by 8.9% during the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company's stock valued at $1,124,088,000 after buying an additional 378,371 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Take-Two Interactive Software by 17.3% during the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company's stock valued at $847,711,000 after buying an additional 515,484 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BMO Capital Markets increased their target price on Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, November 7th. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a "buy" rating and a $300.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. TD Cowen reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Finally, UBS Group upped their target price on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of "Buy" and a consensus price target of $283.94.

Take-Two Interactive Software Stock Up 2.8%

Shares of Take-Two Interactive Software stock opened at $210.71 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $39.02 billion, a price-to-earnings ratio of -9.42, a PEG ratio of 10.95 and a beta of 0.92. The firm's 50-day moving average is $241.22 and its two-hundred day moving average is $242.55. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the transaction, the director directly owned 65,781 shares of the company's stock, valued at $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ellen F. Siminoff sold 414 shares of the business's stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director directly owned 2,429 shares of the company's stock, valued at $596,270.92. This trade represents a 14.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,010 shares of company stock worth $242,102. Insiders own 1.34% of the company's stock.

Take-Two Interactive Software 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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