Strs Ohio Raises Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Strs Ohio boosted its stake in Take‑Two by 1,519.9%, purchasing 66,208 shares to hold 70,564 shares worth about $18.07 million at the end of the quarter.
• Company insiders have been net sellers recently—CEO Strauss Zelnick sold 7,946 shares and Director Michael Dornemann sold 1,390 shares, with insiders offloading 65,292 shares (≈$13.98M) in the past three months.
• Institutional investors own 95.46% of TTWO; analysts have a consensus rating of Moderate Buy with an average price target of $284.31, while the stock trades near $216 and the company has a $40B market cap.

Strs Ohio grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1,519.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,564 shares of the company's stock after purchasing an additional 66,208 shares during the period. Strs Ohio's holdings in Take-Two Interactive Software were worth $18,067,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Composition Wealth LLC grew its stake in Take-Two Interactive Software by 181.7% during the 4th quarter. Composition Wealth LLC now owns 21,769 shares of the company's stock valued at $5,573,000 after purchasing an additional 14,042 shares during the last quarter. Summit Place Financial Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 18.7% in the fourth quarter. Summit Place Financial Advisors LLC now owns 8,233 shares of the company's stock valued at $2,108,000 after purchasing an additional 1,295 shares during the period. Fifth Third Bancorp increased its holdings in shares of Take-Two Interactive Software by 14.0% in the fourth quarter. Fifth Third Bancorp now owns 37,166 shares of the company's stock valued at $9,516,000 after purchasing an additional 4,570 shares during the period. Danske Bank A S increased its holdings in shares of Take-Two Interactive Software by 11.0% in the fourth quarter. Danske Bank A S now owns 122,514 shares of the company's stock valued at $31,367,000 after purchasing an additional 12,141 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Take-Two Interactive Software by 4.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,683 shares of the company's stock valued at $943,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,390 shares of the firm's stock in a transaction dated 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Strauss Zelnick sold 7,946 shares of the firm's stock in a transaction dated 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. This trade represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,292 shares of company stock worth $13,978,938 in the last three months. Company insiders own 1.34% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $216.03 on Monday. The business's 50-day moving average is $206.04 and its two-hundred day moving average is $228.21. The company has a market capitalization of $40.00 billion, a P/E ratio of -9.65, a P/E/G ratio of 3.23 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating on the stock in a report on Monday, April 6th. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. UBS Group increased 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 Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 price objective on the stock in a report on Tuesday, February 10th. Finally, DA Davidson reissued a "buy" rating and issued a $300.00 price objective 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average price target of $284.31.

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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