Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its stake in Take-Two by 24.3%, buying 114,403 shares to hold 585,950 shares valued at about $150.0M (0.32% ownership) at quarter-end.
• Insiders have been net sellers — CEO Strauss Zelnick sold 7,946 shares and a director sold 1,390 shares recently, with insiders selling 65,293 shares worth roughly $14.0M over the past 90 days (insiders now own 1.34%).
• Wall Street remains generally positive with a consensus "Moderate Buy" and an average price target of $284.31, while TTWO trades near $197 and has a $36.5B market cap and a negative trailing P/E.

Robeco Institutional Asset Management B.V. increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 585,950 shares of the company's stock after purchasing an additional 114,403 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.32% of Take-Two Interactive Software worth $150,021,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TTWO. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software in the 3rd quarter worth about $26,000. Pinnacle Bancorp Inc. acquired a new position in Take-Two Interactive Software in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. raised its holdings in 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. True Wealth Design LLC raised its holdings in 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. Finally, Blue Trust Inc. raised its holdings in Take-Two Interactive Software by 42.9% in the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company's stock worth $39,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,390 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the sale, the director directly owned 21,525 shares in the company, valued at $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the chief executive officer owned 170,756 shares of the company's stock, valued at $36,569,104.96. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 65,293 shares of company stock valued at $13,994,803. Insiders own 1.34% of the company's stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Take-Two Interactive Software from $295.00 to $293.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Wedbush reaffirmed an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. UBS Group upped their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. DA Davidson reaffirmed a "buy" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Finally, Raymond James Financial upgraded 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. One 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $284.31.

Take-Two Interactive Software Price Performance

TTWO stock opened at $197.07 on Friday. 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 business has a 50 day simple moving average of $202.83 and a 200-day simple moving average of $232.60. The firm has a market capitalization of $36.49 billion, a PE ratio of -8.81, a price-to-earnings-growth ratio of 2.94 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79.

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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