Take-Two Interactive Software, Inc. $TTWO Stock Holdings Decreased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments trimmed its stake in Take-Two by 4.4% in Q4, selling 5,525 shares and ending the quarter with 119,631 shares worth about $30.1 million (0.06% of the company).
• Insiders sold heavily: CEO Strauss Zelnick sold 52,054 shares for roughly $11.16 million (a 22.56% reduction in his stake), and insiders have sold 65,293 shares totaling about $14.0 million over the past 90 days; insiders now own 1.34% of the stock.
• Wall Street sentiment is broadly positive with one Strong Buy, 16 Buys, 1 Hold and 1 Sell, giving an average rating of "Moderate Buy" and an average price target of $284.44.

Allspring Global Investments Holdings LLC lowered its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,631 shares of the company's stock after selling 5,525 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Take-Two Interactive Software worth $30,099,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Private Trust Co. NA grew its position in Take-Two Interactive Software by 27.1% during the 3rd quarter. Private Trust Co. NA now owns 183 shares of the company's stock worth $47,000 after purchasing an additional 39 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of 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 worth $1,996,000 after buying an additional 39 shares during the period. Mather Group LLC. grew its holdings in shares of Take-Two Interactive Software by 2.7% during the third quarter. Mather Group LLC. now owns 1,484 shares of the company's stock valued at $383,000 after buying an additional 39 shares in the last quarter. Blue Trust Inc. raised its position in Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company's stock valued at $39,000 after buying an additional 45 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its position in Take-Two Interactive Software by 28.0% during 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 during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insiders Place Their Bets

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 value of $11,160,377.60. Following the transaction, the chief executive officer directly owned 178,702 shares in the company, valued at approximately $38,313,708.80. This trade represents a 22.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction 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 owned 2,429 shares in the company, valued at $596,270.92. This trade represents a 14.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 65,293 shares of company stock worth $13,994,803 in the last ninety days. 1.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an "overweight" rating for the company in a research report on Wednesday, March 4th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 price target for the company in a report on Tuesday, February 10th. Wedbush reaffirmed an "outperform" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, UBS Group upped their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $284.44.

Take-Two Interactive Software Stock Up 0.8%

TTWO opened at $199.87 on Friday. The company has a market capitalization of $37.01 billion, a PE ratio of -8.93, a price-to-earnings-growth ratio of 2.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick 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. The business has a 50-day moving average of $207.78 and a 200-day moving average of $234.85.

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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