Take-Two Interactive Software, Inc. $TTWO Shares Sold by Towarzystwo Funduszy Inwestycyjnych PZU SA

Key Points

• Towarzystwo Funduszy Inwestycyjnych PZU SA cut its position in Take-Two by 87.2% in Q3, selling 20,047 shares and leaving 2,936 shares valued at about $759,000.
• CEO Strauss Zelnick sold 52,054 shares at $214.40 for roughly $11.16 million, and insiders sold a total of 64,880 shares (~$13.9M) in the quarter, leaving insiders with 1.34% ownership.
• Analysts hold a consensus rating of Moderate Buy with a consensus target of about $284.44, implying notable upside from the current price near $208.58.

Towarzystwo Funduszy Inwestycyjnych PZU SA lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 87.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,936 shares of the company's stock after selling 20,047 shares during the quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA's holdings in Take-Two Interactive Software were worth $759,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company's stock worth $47,000 after acquiring an additional 39 shares during the period. Miracle Mile Advisors LLC lifted its position in Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company's stock valued at $1,996,000 after purchasing an additional 39 shares during the period. Mather Group LLC. lifted its position in Take-Two Interactive Software by 2.7% in the third quarter. Mather Group LLC. now owns 1,484 shares of the company's stock valued at $383,000 after purchasing an additional 39 shares during the period. Blue Trust Inc. boosted 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 valued at $39,000 after purchasing an additional 45 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of Take-Two Interactive Software by 28.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company's stock valued at $54,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 52,054 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the completion of the sale, the chief executive officer directly owned 178,702 shares of the company's stock, valued at approximately $38,313,708.80. This trade represents a 22.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction on 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 64,880 shares of company stock valued at $13,908,337. 1.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Arete Research upgraded shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and set a $284.00 price target for the company in a research report on Monday, December 1st. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Raymond James Financial raised 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. DA Davidson reiterated a "buy" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Finally, TD Cowen restated a "buy" rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $284.44.

Take-Two Interactive Software Trading Down 0.3%

Shares of TTWO opened at $208.58 on Friday. Take-Two Interactive Software, Inc. has a 12 month low of $188.56 and a 12 month high of $264.79. The stock's 50-day moving average is $221.35 and its two-hundred day moving average is $238.87. 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 $38.62 billion, a PE ratio of -9.32, a P/E/G ratio of 8.57 and a beta of 0.94.

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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